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1 i (1997)

handle is hein.amenin/aeiabtr0001 and id is 1 raw text is: 












PRICE RHI                   I ATION
NATIONAL POLICIES VERSUS
       GLOBAL INTERESTS


The high cost of R&D makes pharmaceuticals particularly
vulnerable to aggressive price regulation. Yet even stringent
price regulatory systems have failed to control drug expendi-
tures. The challenge for public policy, the author states, is
securing a balance between controlling health care spending
today and preserving incentives for innovative R&D for the
health of future generations.
   Increasing global regulation of drug prices and expendi-
tures already affects the efficiency of pharmaceutical R&D
and of health care delivery, with important implications for
patient care now and in the future. The author examines
the effect of existing foreign regulation-price controls,
rate-of-return regulations, and industrial policies-on U.S.
and other multinational producers of innovative drugs. She
explores the growing threat to global revenues from the reg-
ulatory use of international price comparisons and the
increasing threat from parallel trade.

Patricia M. Danzon is the Celia Moh Professor of Health
Care Systems and Insurance at the Wharton School,
University of Pennsylvania.


ISBN-13: 978-0-8447-3983-0
ISBN-10: 0-8447-3983-9


      ll5 51495

9 780844 73 9 830 1

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