Eighty-eight percent of atypical antipsychotic drugs claims were for nursing home residents with dementia.
83 percent of Medicare claims for atypical antipsychotic drugs for elderly nursing home residents were prescribed for off-label uses.
Half of these drug claims should not have been paid for by Medicare because the drugs were not used for medically accepted indications.
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Donepezil (Aricept) Price Falls by 90 Percent
You can now buy a one year supply of Donepezil for $109.00.
This time last year you might have expected to pay $3,000.00 or more for a one year supply.
Original content Bob DeMarco, the Alzheimer’s Reading Room
via U.S. Bureau of Labor Statistics
The Producer Price Index for finished goods decreased 0.4 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today.
This decline followed increases of 0.2 percent in May and 0.8 percent in April. At the earlier stages of processing, prices received by manufacturers of intermediate goods were unchanged in June, and the crude goods index moved down 0.6 percent.
On an unadjusted basis, prices for finished goods climbed 7.0 percent for the 12 months ended June 2011.
To read all the details and breakdown, go here.
This is important news. Especially important for families that were unable to afford Aricept previously. This is also good news for those families using the combination of Aricept and Namenda. Please share.
Each day, on average, over 1,200 persons are diagnosed with Alzheimer’s disease. By the end of May, branded generic Aricept will be affordable for a greater number of patients suffering from Alzheimer’s disease.
This new pricing is about $100 below the average pricing from last month.
The news on generic Aricept is going to get better soon. After the exclusivity period ends on May 25, the price of generic Aricept is expected to fall into the $50 – $75 area for a 30 day supply.
Second, this new pricing model for Aricept will make the combination of Namenda and Aricept more affordable for those who can benefit from this treatment.
It cost taxpayers about $36,000 to look for a 79-year-old woman with Alzheimer’s disease who went missing late last month, Virginia Beach Police recently said.
According to the Alzheimer’s Association statistics about 60 percent of all Alzheimer’s patients will wander. That amounts to about 3 million. Now, not all of them are going to get very far. Lets say that 20 percent get way lost. That comes to 600,000. Lets say it cost a thousand bucks on average to find someone that wanders and gets way lost
The math? 600,000 times 1,000 = ? $600,000,000. Somebody check my math. Read more at www.alzheimersreadingroom.com