Welcome!

News Feed Item

New Economic Impact Study Examines Costs Of Prescription Requirement in Missouri

Missouri Wonk Study Predicts A Total Cost of $43 Million In Additional Healthcare Costs

ST. LOUIS, Aug. 6, 2014 /PRNewswire/ -- Missouri Wonk, a St. Louis based public policy research firm, today released a new economic impact study conducted by the firm's president and founder, Brian Schmidt. The study, which was supported by a grant from the Consumer Healthcare Products Association (CHPA), examined the potential costs associated with a proposed prescription requirement for popular cold and allergy medicines containing pseudoephedrine (PSE)—such as Advil Cold & Sinus, Claritin-D, Mucinex D and Sudafed—in the state of Missouri. In recent years, a number of Missouri lawmakers and other leaders have pushed for a prescription requirement in order to combat the state's methamphetamine problem (meth criminals often misuse PSE products to manufacture meth).

Highlights from the Missouri Wonk economic impact study:

  • The net impact of a prescription requirement— more than $43 million in additional health care costs— will be distributed across the Show-Me State's health care system, affecting consumers, private insurance companies, Medicare, and Medicaid. The additional $43 million in health care costs consist of:
    • More than $5 million in consumers' out-of-pocket expenses;
    • An additional $17 million in costs to private insurance companies, which are likely to be passed on to consumers;
    • An $11.6 million increase in Medicare costs, borne by the federal government; and
    • More than $4 million in additional Medicaid costs, split between federal and state governments
  • In addition, the policy change will impact Missouri in other ways, including:
    • The economy as a whole could lose an estimated $8.5 million in worker productivity from the additional physician office visits associated with obtaining a prescription for pseudoephedrine products;
    • Missouri state government will pay an additional $1.6 million in Medicaid expenditures;
    • Missouri could realize an estimated $700,000 decrease in state sales tax collections; and
    • There will be an estimated 477,000 additional physician office visits

"When I set out to examine the potential costs of a prescription requirement, it was critically important to me that we get it right," said Brian Schmidt of Missouri Wonk. "Our goal was to provide Missouri policymakers with an objective and evidence-based analysis that would assist them in developing sound legislation designed to tackle Missouri's meth problem. There is no question that the General Assembly should pass bills to address the meth problem, but I think it's important that any legislation be balanced with potential economic consequences for consumers, employers and the state as a whole. I think our study effectively demonstrates that the costs associated with a prescription requirement are significant by any standard."

Background
Brian Schmidt started his career in the Missouri General Assembly as the Executive Director of the Joint Committee on Tax Policy. During his six years with the committee, he assisted legislators in researching, developing, and crafting legislation focusing on state and local tax matters. While with the committee, Brian earned a Master of Public Affairs degree at the University of Missouri-Columbia's Truman School of Public Affairs where he published two papers on Missouri tax policy.

Brian currently teaches a graduate class on Organizational Theory and Leadership at Truman State University in Kirksville, MO. Additionally, he serves on the Governor's Tax and Incentives Strategy and Implementation Team of the Missouri Strategic Initiative for Economic Growth. Brian formed Missouri Wonk in 2011.

This study was conducted independently and funded by a grant from the Consumer Healthcare Products Association (CHPA).

SOURCE Missouri Wonk

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
"Plutora provides release and testing environment capabilities to the enterprise," explained Dalibor Siroky, Director and Co-founder of Plutora, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
In his session at DevOps Summit, Tapabrata Pal, Director of Enterprise Architecture at Capital One, will tell a story about how Capital One has embraced Agile and DevOps Security practices across the Enterprise – driven by Enterprise Architecture; bringing in Development, Operations and Information Security organizations together. Capital Ones DevOpsSec practice is based upon three "pillars" – Shift-Left, Automate Everything, Dashboard Everything. Within about three years, from 100% waterfall, C...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
While many government agencies have embraced the idea of employing cloud computing as a tool for increasing the efficiency and flexibility of IT, many still struggle with large scale adoption. The challenge is mainly attributed to the federated structure of these agencies as well as the immaturity of brokerage and governance tools and models. Initiatives like FedRAMP are a great first step toward solving many of these challenges but there are a lot of unknowns that are yet to be tackled. In hi...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.