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Psychiatric Medication Spending Growth Slows, According to New Thomson Reuters Research
Date:2/1/2012

nsurance claims records from approximately 30 million covered individuals. Information about prescription drug spending came from claims for prescription drugs that were filled through retail and mail-order pharmacies. Additional data came from SAMHSA spending estimates and the Medical Expenditure Panel Survey.

"Although the availability of lower-priced generic medication is good news, there may also be a damaging effect," Mark said. "Pharmaceutical companies appear to be slowing research and development on new psychiatric drugs. This may be related to the substantial penetration of generic alternatives and cost-containment policies surrounding branded products. It will be important to watch this trend closely to ensure that new psychiatric therapies are continuing to populate the drug development pipeline."

About the Substance Abuse and Mental Health Services Administration

SAMHSA is a public health agency within the Department of Health and Human Services that was established in 1992. The mission of the funding agency is to reduce the impact of mental and substance use disorders on America's communities. The agency provides leadership in the provision of behavioral health services to improve the quality and availability of prevention, treatment, and recovery support services. It also supports States, Territories, Tribes, communities, and local organizations through competitive grant and contract programs.  Information about the agency and its strategic initiatives is available at http://www.samhsa.gov/.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news orga
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