Price Levels, Price Practices and Price Discrimination in a Retail Market for Prescription Drugs

Price Levels, Price Practices and Price Discrimination in a Retail Market for Prescription Drugs

The pricing policies of retail pharmacies have come under recent scrutiny by public policy makers. This is a result of the economic value of prescription drugs as a part of the nations's health care bill as well as the potential impact of pricing policies on those segments of the population lea...

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Bibliographic Details
Published in:The Journal of consumer affairs 1975-07, Vol.9 (1), p.33-48
Main Authors: CADY, JOHN F., ANDREASEN, ALAN R.
Format: Article
Language:eng
Subjects:
Discrimination
Drug costs
Drug prescriptions
Drug stores
Low income
Low income groups
Maintenance costs
Market prices
Markups
Older adults
Pharmacies
Prescription drugs
Prescriptions
Price discrimination
Price levels
Prices
Pricing policies
Purchasing
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Summary:The pricing policies of retail pharmacies have come under recent scrutiny by public policy makers. This is a result of the economic value of prescription drugs as a part of the nations's health care bill as well as the potential impact of pricing policies on those segments of the population least able to afford treatment: the poor and the elderly. This study examines pricing and price practices in a metropolitan market and provides empirical evidence regarding the impact of these practices.
ISSN:0022-0078
1745-6606