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What Is The Cost Of Drugs Affecting Hospitals

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One important issue affecting hospitals is the increased cost of drugs. According to American Health Association (2016), in 2015 the total spending on prescription drugs surpassed $457 billion and the cost of some drugs increased 3,600% over two years. This creates a difficult financial situation, especially for hospitals because they are the major purchasers. Therefore, the patient’s ability to access drugs therapy and the care provided in the hospital gets compromised.
As a consequence of government’s reimbursement shortages and price increases on drugs, the private sector, is seeking for options to reduce the cost. The hospitals are having trouble absorbing the shortfalls on inpatients beneficiaries of Medicare which payments are far behind

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