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US Prescription Drug Market Worth $457.3 Billion by 2021 Says Healthcare Policy Update Report at RnRMarketResearch.com
Date:12/9/2013

Dallas, TX (PRWEB) December 09, 2013

On June 28, 2012, after months of suspense, the US Supreme Court announced its decision on the constitutionality of the Patient Protection and Affordable Care Act (PPACA) (referred to hereafter, as “ACA” or “the Act”). The Court, led by Chief Justice John Roberts, ruled that the individual mandate, which compels individuals to purchase health insurance, is constitutional as a form of taxation. However, the Court also ruled that states do not have to expand Medicaid coverage – a key provision of the Act – for fear of facing withdrawn federal funding for the program as earlier threatened by the federal government (Supreme Court, 2012).

The healthcare landscape for payers, pharmaceutical and medical devices companies, and providers is expected to change remarkably over the next few years due to the various provisions of the ACA, some of which have already been implemented. The Act is expected to extend insurance coverage to approximately 25 million previously uninsured individuals by 2023 (CBO, 2013). Although this potentially increases top-line revenue growth for all players, new rebates, taxes, cuts, and fees are poised to decrease margins.

Complete report is available @ http://www.rnrmarketresearch.com/pharmasphere-us-healthcare-policy-update-impact-analysis-of-the-affordable-care-act-on-stakeholders-market-report.html .

Universal Coverage: A Little Farther than Thought
When the ACA was passed, the Congressional Budget Office (CBO) estimated that 30 million previously uninsured individuals would have access to healthcare. However, the Supreme Court’s decision labeling the federal government’s threat to deny states Medicaid funding if they fail to expand M
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