Better Drug Use Could Bring Huge Savings
Wiser use of prescription drugs could bring big savings for the U.S. health care system. A new report estimates the total at $213 billion each year. That’s about 8% of the nation’s annual health care costs. The IMS Institute for Healthcare Informatics published the report. The institute is part of IMS Health. This company uses its data on prescriptions written by doctors to provide advice to drug companies and others. The report defined 6 ways that better use of drugs could save money. For example, patients could help by taking medicines as prescribed. That would produce the biggest savings, $105 billion, the report said. Doctors and patients also could use generic drugs instead of brand names when available. They could avoid antibiotics for diseases caused by viruses. Doctors could prescribe medicines when guidelines recommend them and use tools to prevent prescribing errors.