Insights,
Insights,
Caitlin Sheetz, ADVI solution leader for Strategic Analytics, Value and Economics (SAVEs), presented four poster presentations at ISPOR 2024. One of the studies analyzed patient cost and demographics among the first ten drugs subject to price negotiation under the Inflation Reduction Act (IRA).
The study’s primary objective was to analyze patients taking one of the first ten drugs subject to price negotiation and understand their demographics, prescription drug utilization, out of pocket costs and how that compared to the rest of the Part D population.
This analysis was done on 100 percent Medicare Part D event data and Medicare Beneficiary Summary File from 2022.
The study identified over 7.7 million patients taking one of the top 10 drugs and found that they are:
Hear more from Caitlin as she sheds light on key insights from the study and takeaways from ISPOR 2024.
This analysis demonstrates that the initial patient population taking drugs subject to price negotiation look different in demographic makeup and the volume of prescription drugs that they take compared to the rest of the Part D population. As this and other IRA provisions, like the $2,000 OOP CAP, are implemented, it will be important to monitor prescription drug behavior and the impact that these policies are having on Part D beneficiaries.
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ADVI experts will continue to analyze trends in the claims data throughout the implementation of the Inflation Reduction Act (IRA). Get in touch today to gain expert insights on the IRA and the evolving healthcare landscape.
Solution Leader, SAVEs