Data and Code for: Insurance Design and Pharmaceutical Innovation
收藏ICPSR2022-01-01 更新2026-04-16 收录
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资源简介：
This paper studies how insurance coverage policies impact pharmaceutical innovation. In the United States, most patients obtain prescription drugs through insurance plans administered by Pharmacy Benefit Managers (PBMs). Beginning in 2012, PBMs began refusing to provide coverage for many newly approved drugs when cheaper alternatives were available. We document a shift in pharmaceutical R&D strategies after this policy took effect: therapeutic classes at greater risk of exclusion experienced a relative reduction in investments. This shift reduced development of drug candidates that appear more incremental: that is, those in drug classes with more pre-existing therapies and less scientifically novel research.
提供机构：
Massachusetts Institute of Technology; Dartmouth College
创建时间：
2022-01-01
