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Source: politico.eu
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California's effort to eliminate deductibles on prescription drugs for individuals with chronic conditions is a "tremendous idea," says expert - State of Reform
Desselle has been following and researching some of the pharmacy-related initiatives in California this year on behalf of lobbyists. He explained that while medical services are widely viewed as an inelastic good — meaning their price doesn’t change with market fluctuations since they’re considered to be a necessity — prescription drugs are highly elastic — meaning their cost can increase as the market changes. When copays or deductibles increase due to high elasticity of demand, he explained, patients unable to afford their medications often ration them — known as “nonadhere...
Source: stateofreform.com