Loren D. Stark Company
EPIC Retirement Plan Services
Randall & Hurley, Inc.
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|Benefits and Costs of Newer Drugs: An Update|
National Bureau of Economic Research; $5 Download from SSRN.com
June 17, 2002
Working paper by Frank Lichtenberg. Excerpt: We update and extend our previous study of the effect of drug age -- years since FDA approval -- on total medical expenditure, in several respects. The estimates indicate that, in the entire population, a reduction in the age of drugs utilized reduces non-drug expenditure 7.2 times as much as it increases drug expenditure.
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