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Assessing the impact of the Australia-United States Free Trade Agreement on Australian and global medicines policy

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TLDR
The AUSFTA medicines provisions may represent animportant precedent in a global strategy by industry on cost-effectiveness evaluation of pharmaceuticals, the study will also beof great interest to policy makers in other jurisdictions as mentioned in this paper.
Abstract
On 1 January 2005, a controversial trade agreement entered into force between Australia and the United States. Though heralded by the parties as facilitating the removal of barriers to free trade (in ways not achievable in multilateral fora), it also contained many trade-restricting intellectual property provisions and others uniquely related to altering pharmaceutical regulation and public health policy in Australia. The latter appear to have particularly focused on the world-respected process of federal government reimbursement after expert cost-effectiveness evaluation, popularly known as the Pharmaceutical Benefits Scheme ('PBS'). It remains uncertain what sort of impacts – if any – the Australia-United States Free Trade Agreement ('AUSFTA') will have on PBS processes such as reference pricing and their important role in facilitating equitable and affordable access to essential medicines. This is now the field of inquiry for a major three year Australian Research Council ('ARC')-funded study bringing together a team of senior researchers in regulatory theory from the Australian National University and pharmacoeconomics from the University of Newcastle. The project proposes to monitor, assess and analyse the real and potential impacts of the AUSFTA in this area, providing Australian policy-makers with continuing expertise and options. To the extent that the AUSFTA medicines provisions may represent animportant precedent in a global strategy by industry oncost-effectiveness evaluation of pharmaceuticals, the study will also beof great interest to policy makers in other jurisdictions.

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Journal ArticleDOI

Effects of reference pricing in pharmaceutical markets: a review.

TL;DR: A systematic and updated survey of original scientific studies on the effect of the introduction of reference pricing (RP) policies in Organisation for Economic Co-operation and Development (OECD) countries found that both therapeutic RP (TRP) and GRP have been associated with significant and consistent savings in the first years of application.
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Trade, investment and public health: compiling the evidence, assembling the arguments

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Privatization of health services in less developed countries: an empirical response to the proposals of the World Bank and Wharton School.

TL;DR: Although the impact of privatization has differed among the Latin American countries studied, expansion of private insurance often has generated additional co-payments, which have increased rather than decreased out-of-pocket expenditures, thereby worsening access to needed services.
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Moving Theory into Practice: Human Rights Impact Assessment of Intellectual Property Rights in Trade Agreements

TL;DR: The work in this article explores the development of methodologies for human rights and right to health-specific impact assessment (RTHIA) of trade-related intellectual property rights of medicines in low and middle-income countries.
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Disease mongering: expanding the boundaries of treatable disease.

TL;DR: The term ‘disease mongering’ has been applied to the promotional activities of medical industries where companies have worked through partnerships, which have included clinicians, to expand the boundaries of treatable disorders.
References
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Alan V. Deardorff
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Journal ArticleDOI

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