Navigation Links
Health Plan of Nevada Medicare Advantage Plan Offers Value-Based Drug Option
Date:10/21/2008

Move Hopes To Improve Health Outcomes If More Cost-Conscious Seniors

Fill Their Prescriptions, According to New Report from

HealthLeaders-InterStudy

NASHVILLE, Tenn., Oct. 21 /PRNewswire/ -- HealthLeaders-InterStudy, a leading provider of managed care market intelligence, reports that UnitedHealth Group's (formerly Sierra Health Services) Health Plan of Nevada Senior Dimensions HMO has significantly reduced copays for the drugs that treat the most common chronic conditions. According to the latest Nevada Health Plan Analysis, while the move is expected to add an additional $4.50 per month per member to the health plan's costs, in the long-term it may mean more seniors are taking their medications and have improved health outcomes.

According to plan officials, the senior population is an ideal group for such a pilot program because of its smaller numbers and higher incidence of chronic conditions. Plan officials examined the plan's generic fill rates that demonstrated how important cost is to seniors on the Medicare plan. The most widely prescribed brand-name drugs for diabetes, chronic obstructive pulmonary disease, asthma, high blood pressure and seizures were chosen for the cost reduction. Copays for brand-name drugs have fallen from $20 to $30 a month to $3 to $5.

Studies have shown that failure to take medications as prescribed creates a financial burden on the healthcare industry and that people are more compliant with their medications when those drugs are more affordable.

"This is an interesting move on the part of Health Plan of Nevada as its drug spend will increase by about $2.9 million annually," said Heather Johnston, analyst with HealthLeaders-InterStudy. "However, this program will likely enable the plan to gain market share as seniors with chronic conditions will be drawn to the low copay option. If the lower copay option produces the desired results, more plans, including those for commercial members, may consider this approach."

Why Pharmaceutical Companies Need Health Plan Analysis

Health Plan Analysis identifies key health plan trends, allowing pharmaceutical companies to create comprehensive strategic plans and sales strategies at state and local levels. Updated quarterly, Health Plan Analysis provides a detailed look at plan design and financials, as well as information about mergers, legislation and other influencers driving healthcare in a particular region.

About HealthLeaders-InterStudy

HealthLeaders-InterStudy, a Decision Resources, Inc. company, is the authoritative source for managed care data, analysis and news. For more information, please visit http://www.HealthLeaders-InterStudy.com.

About Decision Resources, Inc.

Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at http://www.DecisionResourcesInc.com.

All company, brand or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:

Lisa Osgood Elizabeth Marshall

HealthLeaders-InterStudy Decision Resources, Inc.

781-296-2606 781-296-2563

losgood@hl-isy.com emarshall@dresources.com


'/>"/>
SOURCE HealthLeaders-InterStudy
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Penn study finds pro-death proteins required to regulate healthy immune function
2. UCLA researchers identify markers that may predict diabetes in still-healthy people
3. Air pollution linked to cardiovascular risk indices in healthy young adults
4. More proof needed of safety and quality of electronic personal health records
5. Health care incentive model offers collaborative approach
6. Loneliness is bad for your health
7. Mailman School of Public Health study examines link between racial discrimination and substance use
8. Green Tea May Brew Up Healthier Skin
9. For Health Info, Women Often Turn to the Web
10. Record Number of Americans Lack Health Insurance
11. U.S. Research Funding Continues to Flatten as U.S. Health Costs Climb - in August 31 Science
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/24/2017)... Scottsdale, AZ (PRWEB) , ... January 24, 2017 , ... ... than 30 lives in the last month. Yellow fever is primarily spread through contact ... the health community’s focus on how to prevent its spread. , According to multiple ...
(Date:1/24/2017)... ... January 24, 2017 , ... “Spiritual ... improve the connection with God. “Spiritual Vitamins: A Spiritual Energy Booster” is the ... Christian Faith Publishing, Mathai Yohannan’s new book engages the mind and spirit in ...
(Date:1/24/2017)... ... January 23, 2017 , ... CLICKco LLC, a ... drink, announced its CLICK® Coffee Protein Drink is now available for purchase on ... has become popular among health-conscious consumers who love coffee but are looking to ...
(Date:1/24/2017)... ... 23, 2017 , ... Texas Home Health, an AccentCare, Inc. ... care service companies: Padre Home Health in Corpus Christi, Texas, and Royalty Personal ... regarded in their respective markets, these two agencies align with Texas Home Health’s ...
(Date:1/23/2017)... ... January 23, 2017 , ... A Northwestern Pennsylvania addiction treatment ... Alpine Springs Rehabilitation & Recovery Center’s new website can be found at ... its redesigned and retooled website. The treatment center has also revamped its social ...
Breaking Medicine News(10 mins):
(Date:1/24/2017)... NEW YORK , Jan. 23, 2017 /PRNewswire/ ... a long way from conventional syringes with vials ... free systems. These modern devices have become preferred ... demand for prefilled syringes has been rising strongly ... of healthcare facilities are now adopting this format ...
(Date:1/24/2017)... , January 23, 2017 ... Growth A majority of medicines ... formulating Active Pharmaceutical Ingredients (API), and such processes require ... glycol. Production of pharmaceutical solvents continues to ... excluding Japan (APEJ) region as ...
(Date:1/23/2017)... Endo International plc (NASDAQ / TSX: ENDP) ... a joint motion in the U.S. District Court for ... seeking the entry of a ten-year Stipulated Order for ... the FTC and Endo relating to the patent infringement ... ER and Lidoderm® products.  It also resolves the FTC,s ...
Breaking Medicine Technology: