Skip to Main Content
Title
Evaluation of the maximum allowable cost program.
First Author
Lee, A James
Date of Pub
1983 Mar
Pages
71-82
Volume
4
Issue
3
Other Authors
Dobson, Allen; Hardy Jr, Ralph; Hefner, Dennis
Abstract
This article summarizes an evaluation of the Maximum Allowable Cost (MAC)-Estimated Acquisition Cost (EAC) program, the Federal Government's cost-containment program for prescription drugs. The MAC-EAC regulations which became effective on August 26, 1976, have four major components: (1) Maximum Allowable Cost reimbursement limits for selected multisource or generically available drugs; (2) Estimated Acquisition Cost reimbursement limits for all drugs; (3) "usual and customary" reimbursement limits for all drugs; and (4) a directive that professional fee studies be performed by each State. The study examines the benefits and costs of the MAC reimbursement limits for 15 dosage forms of five multisource drugs and EAC reimbursement limits for all drugs for five selected States as of 1979.
Abstract Continued
N/A
MeSH
Rate Setting and Review : Therapeutic Equivalency : Cost-Benefit Analysis/methods : Drug Industry/economics : Evaluation Studies : Insurance, Pharmaceutical Services/legislation & jurisprudence : Medicaid/economics : Minnesota : Prescriptions, Drug/economics : Support, U.S. Gov't, Non-P.H.S. : United States
NTIS Number
PB83-175620