>Users:   login   |  register       > email     > people    


Pop Quiz: Medication and Lab Prices
By Jeffrey E. Keller MD
Published: 12/04/2017

Money bag2009apr13
One thing that has long bugged me about how medicine is practiced in the United States is that medical professionals for the most part have no idea how much stuff costs. Doctors prescribe medications that their patients cannot afford to buy—even when cheaper alternatives are available. We order tests not knowing what the patient is going to be charged.

This phenomenon occurs nowhere else in American culture. It is kind of odd when you think about it. It would be like going to the grocery store and having no prices on any of the food. You could only get the meat that the butcher recommended, but he wouldn’t know the price of anything, either. The first inkling you would have about costs would be when you got your bill in the mail a month later: “Wow—that chuck roast was $200.00 a pound!”

This culture in medicine developed, I am told, due to the rise of third party payers. Since someone else is paying the bill, we don’t care what it costs. An example is the Medicaid patient who has a sore throat and calls an ambulance to take him to the hospital instead of a taxi. It doesn’t matter that the ambulance ride is many times more expensive than the taxi, Medicaid pays for the ambulance but not the taxi. Another example is that the co-pay for Blue Cross subscribers is the same whether they are prescribed a $700.00 medication or a $30.00 medication.

But things should be different in Correctional Medicine. For the most part, we in corrections are (blissfully!) independent of insurance companies and government programs like Medicaid and Medicare. In fact, part of our job is to be wise stewards of the money that the tax payers give us to run our medical program. We want to be cost effective. And how can we do that if we don’t know how much the medications, labs, and x-rays we order cost?

Pop Quiz

So today, we’re going to have a pop quiz to check your knowledge of drug and lab prices. Be sure to mark your answers before you click to see the answers!

Question 1: Which of the following replacement estrogens is the least expensive? Which is most expensive?
  1. Estradiol (Estrace) 1.5mg
  2. Esterified estrogen (Menest) 0.625mg
  3. Conjugated estrogen (Premarin) 0.625mg
  4. Estropipate (Ogen) 1.5mg
Question 2: Which of the following antipsychotics is least expensive? Which is most expensive?
  1. Chlorpromazine (Thorazine) 100mg
  2. Risperidone (Risperdal) 2mg
  3. Haloperidol (Haldol) 5mg
  4. Olanzapine (Zyprexa) 10mg
  5. Aripiprazole (Abilify) 10mg
Question 3: Which of the following methods of ordering a blood count is least expensive?
  1. CBC with platelets and differential
  2. CBC with manual differential
  3. Hemogram, automated
  4. Hemoglobin/Hematocrit
Answers

Question 1: A 30 day supply of each estrogen replacement would cost the following:
  1. Estradiol (Estrace) 1.5mg = $ 4.50
  2. Esterified estrogen (Menest) 0.625mg = $ 24.26
  3. Conjugated estrogen (Premarin) 0.625mg = $ 57.45
  4. Estropipate (Ogen) 1.5mg = $ 6.06
Comment: Did you realize that Premarin is more than ten times as expensive as estradiol? And, of course, they are biologically equivalent. Do you ever order Premarin?

Question 2: 30 doses of each antipsychotic would cost the following:
  1. Chlorpromazine (Thorazine) 100mg = $ 45.00
  2. Risperidone (Risperdal) 2mg = $ 5.40
  3. Haloperidol (Haldol) 5mg = $ 3.00
  4. Olanzapine (Zyprexa) 10mg = $365.70
  5. Aripiprazole (Abilify) 20mg = $760.20
Comment: Who would have thought that chlorpromazine would be nine times more expensive than risperidone? And how about that Abilify at $25.00 a pill? Is it really 150 times better than risperidone?

Question 3: The cost of each blood test (at my lab, anyway) is as follows:
  1. CBC with platelets and differential = $ 4.75
  2. CBC with manual differential = $ 42.19
  3. Hemogram, automated = $ 19.78
  4. Hemoglobin/Hematocrit = $ 19.24
Question: What is the difference between a Hemogram, automated and a CBC with platelets and differential? Answer: Nothing, except the cost! You will get exactly the same information either way! Which do you order?

Conclusions

You will be more effective if you know the costs of the medications and studies that you order. In fact, knowing the costs of the medications and labs you order will flat out make you a better medical professional, whether you are a physician, nurse, social worker or anything else.

I would suggest that you make a list of your top 20 most prescribed medications and look up their acquisition cost. One place to find up-to-date acquisition costs of generic and brand name medications is here (generic) and here (brand).

I also think you should make a list of your top ten most frequently ordered laboratory studies and ask your lab what you are charged for each.

Do you have a tip on cost-saving that you would share with the rest of us?

Corrections.com author, Jeffrey E. Keller is a Board Certified Emergency Physician with 25 years of practice experience before moving full time into the practice of Correctional Medicine. He is the Chief Medical Officer of Centurion. He is also the author of the "Jail Medicine" blog

Other articles by Keller


Comments:

  1. hamiltonlindley on 04/14/2020:

    How have your spirits been while under quarantine for COVID-19? We are hopefully halfway through this pandemic’s impact on our economy. It has been a difficult road for us all. It has taught us about our better-and worse-natures. Hamilton Lindley explains how it has impacted his family and work life balance in this latest blog article about how to invest time that we’ve been given to make ourselves better than when we began.

  2. hamiltonlindley on 02/17/2020:

    If you are a chief executive officer looking for leadership advice, then Hamilton Lindley is a superb resource for executives. He shares stories about mental health that illustrate the importance of mental health for those involved in a professional career.

  3. fremskaffede on 12/12/2019:

    Most of the medical professionals in the united states of America suggest such medicines which are very costly. It is easy to get top writing services for your essay writing work. I think doctors should prescribe such medications which are cheap and effective.

  4. eddie007 on 03/05/2019:

    Hi friend i found a website here you can learn how do i add printer windows 10 first you should go here add printer wizard windows 10 read full article and step by step our intruction


Login to let us know what you think

User Name:   

Password:       


Forgot password?





correctsource logo




Use of this web site constitutes acceptance of The Corrections Connection User Agreement
The Corrections Connection ©. Copyright 1996 - 2024 © . All Rights Reserved | 15 Mill Wharf Plaza Scituate Mass. 02066 (617) 471 4445 Fax: (617) 608 9015