scholarly journals Results of reference pricing and reimbursement discount rate schemes of Turkey

2013 ◽  
Vol 14 (2) ◽  
pp. 99-103
Author(s):  
Guvenc Kockaya ◽  
Kagan Atikeler ◽  
Esin Tuna ◽  
Pelin Kılıc ◽  
Pelin Tanyeri ◽  
...  
Keyword(s):  
Discount Rate ◽  
Discount Rates ◽  
Medicinal Products ◽  
Price List ◽  
Security Institution ◽  
Reference Pricing ◽  
The Social ◽  
Pricing System ◽  
Pricing And Reimbursement ◽  
Reference Country

OBJECTIVES: General Directorate of Pharmaceuticals and Pharmacy (IEGM) is responsible for setting all prices for human medicinal products. The reference pricing system is used for setting these prices. Reference countries are reviewed annually and may be subject to certain alterations. There were 5 reference countries in 2009: Spain, Italy, Germany, France and Greece. The aim of this study is to show the distribution of reference countries which were used for reference pricing.METHODS: The price list of pharmaceuticals which was published by IEGM on 15.04.2011 was used for analysis. Distribution of reference countries and prices were evaluated.RESULTS: Prices of 6,251 generic and 3,703 original products were set according to the price list. 5,283 of generics and 3,306 of originals were in the positive list for reimbursement. Reference pricing was used for 2,352 generics and 2,281 originals. Prices of the remaining were set outside of reference pricing. 32 different countries were used for reference pricing. Italy was the most popular country for reference pricing. Even if it was not a reference country, Germany was used in some of the pharmaceuticals. The average reimbursement discount rate and price were 24.43% and 249 TL, respectively. There were no colerations between price and reimbursement discount rate, or reference country and reimbursement rate.CONCLUSION: It has been shown that Italy has the highest impact on the pricing of all pharmaceuticals in Turkey. Even if it was not a reference country, Germany showed to affect pharmaceuticals more than other countries which were also not used for reference pricing. Even if reimbursement discount rates are stated by the Social Security Institution (SGK), there are different discount rates for pharmaceuticals. The analysis stated that there were correlation between price, country and discount rates. This analysis is first for the literature. Further analysis is necessary in the light of price changes and newly launched pharmaceuticals.

scholarly journals Results of reference pricing and reimbursement discount rate schemes of Turkey

2013 ◽  
Vol 14 (2) ◽  
Author(s):  
Guvenc Kockaya ◽  
Kagan Atikeler ◽  
Esin Tuna ◽  
Pelin Kılıc ◽  
Pelin Tanyeri ◽  
...  
Keyword(s):  
Discount Rate ◽  
Reference Pricing ◽  
Pricing And Reimbursement

scholarly journals The most appropriate discount rate

2013 ◽  
Vol 4 (03) ◽  
pp. 391-400 ◽  
Author(s):  
David F. Burgess ◽  
Richard O. Zerbe
Keyword(s):  
Private Sector ◽  
Discount Rate ◽  
Opportunity Cost ◽  
Time Preference ◽  
Cost Of Capital ◽  
Rate Of Return ◽  
Social Time ◽  
The Social ◽  
Benefits And Costs

The social opportunity cost of capital discount rate is the appropriate discount rate to use when evaluating government projects. It satisfies the fundamental rule that no project should be accepted that has a rate of return less than alternative available projects, and it ensures that worthy projects satisfy the potential Pareto test. The social time preference approach advocated by Moore et al. fails to satisfy either of these criteria even in the unlikely case that the private sector behaves myopically with respect to a project’s future benefits and costs.

The Social Characterizations of Price: The Fool, the Faithful, the Frivolous, and the Frugal

2008 ◽  
Vol 26 (4) ◽  
pp. 363-379 ◽  
Author(s):  
Frederick F. Wherry
Keyword(s):  
Reference Point ◽  
Systematic Approach ◽  
Social Location ◽  
Social Meaning ◽  
Ideal Types ◽  
The Social ◽  
Social Meanings ◽  
Meaning Systems ◽  
Pricing System ◽  
Meaning Of Money

This article extends both Viviana Zelizer's discussion of the social meaning of money and Charles Smith's proposal that pricing is a definitional practice to the under-theorized realm of the social meanings generated in the pricing system. Individuals are attributed with calculating or not calculating whether an object or service is “worth” its price, but these attributions differ according to the individual's social location as being near to or far from a societal reference point rather than by the inherent qualities of the object or service purchased. Prices offer seemingly objective (quantitative) proof of the individual's “logic of appropriateness”—in other words, people like that pay prices such as those. This article sketches a preliminary but nonexhaustive typology of the social characterizations of individuals within the pricing system; these ideal types—the fool, the faithful, the frugal, and the frivolous—and their components offer a systematic approach to understanding prices as embedded in and constituents of social meaning systems.

scholarly journals Discounting Disentangled

2018 ◽  
Vol 10 (4) ◽  
pp. 109-134 ◽  
Author(s):  
Moritz A. Drupp ◽  
Mark C. Freeman ◽  
Ben Groom ◽  
Frikk Nesje
Keyword(s):  
Discount Rate ◽  
Time Preference ◽  
Wealth Effect ◽  
Social Discount Rate ◽  
Economic Values ◽  
Public Projects ◽  
Highly Sensitive ◽  
The Social ◽  
Ramsey Rule

The economic values of investing in long-term public projects are highly sensitive to the social discount rate (SDR). We surveyed over 200 experts to disentangle disagreement on the risk-free SDR into its component parts, including pure time preference, the wealth effect, and return to capital. We show that the majority of experts do not follow the simple Ramsey Rule, a widely used theoretical discounting framework, when recommending SDRs. Despite disagreement on discounting procedures and point values, we obtain a surprising degree of consensus among experts, with more than three-quarters finding the median risk-free SDR of 2 percent acceptable. (JEL C83, D61, D82, H43, Q58)

scholarly journals Appropriate Discounting for Benefit-Cost Analysis

2011 ◽  
Vol 2 (2) ◽  
pp. 1-20 ◽  
Author(s):  
David F. Burgess ◽  
Richard O. Zerbe
Keyword(s):  
Cost Analysis ◽  
Discount Rate ◽  
Cost Of Capital ◽  
Hyperbolic Discounting ◽  
Ease Of Use ◽  
Benefit Cost Analysis ◽  
The Social ◽  
Net Benefits ◽  
Benefit Cost

In order to be sensible about what discount rate to use one must be clear about its purpose. We suggest that its purpose is to help select those projects that will contribute more net benefits than some other discount rate. This approach, which is after all the foundation for benefit-cost analysis, helps to reconcile different suggested procedures for determining the discount rate. We suggest that the social opportunity cost of capital (SOC) is superior to other suggested approaches in its generality and its ease of use. We use the SOC to determine a range of real rates that vary between 6% and 8%. We suggest that approaches based on determination of preferences, which result in hyperbolic discounting, are less appropriate and less useful.

scholarly journals A time preference measure of the social discount rate for Iran

2018 ◽  
Vol 7 (1) ◽  
Author(s):  
Arian Daneshmand ◽  
Esfandiar Jahangard ◽  
Mahnoush Abdollah-Milani
Keyword(s):  
Discount Rate ◽  
Time Preference ◽  
Social Discount Rate ◽  
The Social ◽  
Preference Measure

scholarly journals Social Net Work Analysis of gifting bear bile in Viet Nam

2021 ◽  
Author(s):  
Ho Ha My ◽  
Elizabeth Davis ◽  
Jenny Anne Glikman
Keyword(s):  
Social Network ◽  
Wildlife Trade ◽  
Viet Nam ◽  
Gift Giving ◽  
Medicinal Products ◽  
Work Analysis ◽  
The Social ◽  
Social Network Influence ◽  
Loss Of Diversity ◽  
Bear Bile

The illegal wildlife trade is the major cause for global loss of diversity. In Southeast Asia regions and particularly in Vietnam, the consumption of wildlife products is mostly driven by the demand for food and traditional medicinal products. However, consumers’ motivations are poorly understood. In this study, we use mixed social science approaches and social network analysis to understand the social network influence on the consumption of bear bile through gift-giving practices in Hanoi and Nghe An. The study also provides a deeper understanding of how bear bile is consumed as gifts and the current information on bear bile usage. We found that 97.5% of all interviewees have given or received bear bile and the most common occasion for gift-giving is during visits between closed social circles of family and friends. Other reasons for giving bear bile include illnesses, gratitude, drinking among males, and ulterior motives.

Sign in / Sign up

Export Citation Format

Share Document