SCCM Resource Library-Managing Dollars and SENSE: Ethical Considerations With High-Cost Medications and Drug Shortages

Managing Dollars and SENSE: Ethical Considerations With High-Cost Medications and Drug Shortages

Video Transcription

Video Summary

The video discusses the topic of drug shortages and high-cost medications. The speaker presents data on drug shortages over the years, highlighting the ongoing problem and the impact it has on patient care. The causes of drug shortages are explained, including issues with raw materials, manufacturing, business decisions, and supply chain problems. The speaker also discusses the economic and clinical implications of drug shortages, which include increased costs and the risk of medication errors. Strategies for managing drug shortages are discussed, including the importance of having a medication shortage team, approving alternative therapies, and addressing ethical considerations. The speaker also touches on high-cost medications and the challenges they pose in terms of affordability and access. Different approaches to managing high-cost medications are discussed, including a utilitarian approach, a prioritarian approach, and an egalitarian approach. The speaker suggests potential solutions, such as developing biosimilars, implementing value-based pricing, and allowing Medicare to negotiate drug prices. The importance of genetic drugs in driving down costs is also mentioned, along with the challenges associated with their production and use.

Asset Subtitle

Administration, Crisis Management, 2023

Asset Caption

Type: one-hour concurrent | When the Answer Is No: Ethical Considerations for Rationing of Scarce Resources in the ICU (SessionID 1175012)

Meta Tag

Content Type Presentation

Knowledge Area Administration

Knowledge Area Crisis Management

Membership Level Professional

Membership Level Select

Tag Resource Allocation

Tag Economics

Year 2023

Keywords

drug shortages

high-cost medications

patient care

causes of drug shortages

economic implications

clinical implications

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