Outcome-based reimbursement: The solution to high drug spending?

• Main Authors: XU, Liang, LI, Hongmin, ZHAO, Hui
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2022
• Subjects: outcome-based reimbursement; risk sharing; drug pricing; formulary design; risk aversion; multinomial logit models; Operations and Supply Chain Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/7115
• Institution: Singapore Management University

Problem definition: The continuously soaring prices of new drugs and their uncertain effectiveness in clinical practice have put substantial risks on insurers/payers. To induce insurer coverage of their new drugs, manufacturers start to propose an innovative outcome-based reimbursement (OBR) scheme...