April 20th, 2010

Reports Reuters:

Making simple changes like getting people to take their medicines exactly as directed or to refill their prescriptions on time could save employers and their workers as much as $163 billion a year in healthcare costs, U.S. researchers said on Tuesday.

Pharmacy benefits manager Express Scripts Inc identified various behaviors including brand loyalty, procrastinating on refills and occasional forgetfulness, that increase treatment costs.

“This is the first time we’ve looked at the behavioral factors that are driving spending,” chief scientist Bob Nease commented about Express Scripts’ annual drug trends report.

The cost of these behaviors is a staggering $1 out of every $5 spent on prescription drugs, which account for 10 percent of the $2.3 trillion Americans spend on healthcare each year.

“When you slice it that way, you get this eye-popping figure of $163 billion,” Nease said in a telephone interview.

The report outlines ways for companies and patients to make people aware of the common habits that can increase the cost of healthcare in the United States as the nation looks for ways to pay for its newly passed healthcare reform legislation.

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