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|Rand: Cost Sharing Cuts Employers' Drug Spending -- But Employees Don't Get the Savings|
Nov. 13, 2002
Do increased patient cost sharing and formulary restrictions reduce pharmaceutical use and costs? To answer this question, a RAND team ... examined more than 700,000 person-years of data on beneficiaries enrolled in health plans from 25 private employers.... The study's key findings: Increasing co-payments causes consumers to use less medication and less-expensive drugs. Higher co-payments do cut costs, but [m]ost of the savings go to health insurance plans, not to consumers.
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