What are some disadvantages of implementing a uniform preferred drug list (PDL)?
• According to West Virginia Code 9-5-15, the Preferred Drug List (PDL) is a list of medications that the Medicaid Pharmaceutical and Therapeutics (P & T) Committee recommends to the Bureau for Medical Services. The Secretary of the Department of Health and Human Resources then approves the list. The medications listed as “recommended” have been chosen for their therapeutic importance and all-around efficacy. Disadvantages of Implementing a Uniform Preferred Drug List Essay Paper
• The research and literature we have analyzed show that there are a variety of factors to take into account while implementing a PDL in a state Medicaid program. The effects on the use of other healthcare services, the standards used by P&T committees for drug acceptance onto a PDL, the impact of switching medication therapies on patient compliance, the potential effects of drug restrictions on the quality of care, the administrative costs associated with the program, and the effect such reforms may have on physician and patient satisfaction are just a few of the important issues.
•Drug spending can be decreased by PDLs and drug authorizations, which is a frequent procedure and an efficient way to cut costs. The ideal way to approach Medicaid policy improvements, however, is to stress the significance of correct prescription drug use in enhancing health outcomes as well as the impact that such programs will have on the future of healthcare.
•The necessity for greater research on the cost expenditures of open and closed formularies that also analyzes all aspects of the subsequent quality of treatment obtained is illustrated by issues with conflicts between cost reductions and quality of care. Disadvantages of Implementing a Uniform Preferred Drug List Essay Paper