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Article: Study finds drug cost-effectiveness evaluations based on faulty assumptions.
- Article from:
- Health & Medicine Week
- Article date:
- September 29, 2003
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2003 SEP 29 - (NewsRx.com & NewsRx.net) -- Faulty assumptions in economic models used to evaluate the cost effectiveness of prescription drugs may incorrectly favor more expensive drugs, according to a new study.
Researchers at Express Scripts substituted actual data in place of model assumptions and discovered that economic models used to compare ulcer treatments overstated the cost-effectiveness of more expensive treatments.
The researchers looked at treatments that combined antibiotics with either a generic bismuth drug or a more expensive branded proton pump inhibitor (PPI). The more economical bismuth-based treatment was actually the most ...