Word: frankly
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Sources: American Diabetes Association; CDC; Reuters; Dr. Frank Vinicor; Dr. David Nathan
...study, published last week in the New England Journal of Medicine, “compared utilization and spending patterns for three classes of drugs that are used to treat chronic illnesses,” said Richard Frank, Morris professor of health economics at HMS and one of the researchers involved in the study...
...small to medium amount of savings in total spending on drugs, you saw a significant reduction in the spending by the plan and you saw a very large increase in spending by consumers. There was a very substantial shift in who bears the cost burden,” Frank said...
Harvard students who are covered by their parents’ insurance plans and who suffer from chronic illnesses like depression may face similar problems with the costs of their medications, Frank said...
...When you use co-payments to get people to change what drugs they’re using, it can be effective,” Frank said. “The bad news is that if people don’t switch in very huge numbers, you’re essentially taking away some of their insurance coverage. They have to pay more out of their pockets...