ACCESS TO IMPORTED MEDICAL DEVICES DUE TO INFLATION AND UNDER FUNDING OF ARGENTINIAN HEALTH SECTOR IN 2013

Author(s)

Gilardino R1, Koffsmon AL1, Cabra HA2
1Johnson & Johnson Medical Argentina, Buenos Aires, Argentina, 2Johnson & Johnson Medical, Mexico, D.F., Mexico

OBJECTIVES: During 2013, Argentina (AR) suffered severe currency depreciation (above 32%) and an annual inflation rate of 28%. Increases in imported medical devices’ prices (MDs) plus a weakened AR peso might have impacted their access.  The objective of this research was to evaluate the impact of the 2013 Argentinian economic crisis in the healthcare (HC) sector and the access of imported medical devices. METHODS: Specific analysis to evaluate MDs’ cost in HC system (private payers and providers) was performed. Primary cost information was obtained and analyzed from the HC System and ADECRA (Argentinian Healthcare Private Providers Association). The information includes inflation-adjusted costs incurred by the provision of HC services (labor costs, medical and non-medical supplies, among others). From the manufacturer perspective, the mean percentage of MDs’ price increase and the sales amount of implantable joints prosthesis were considered and compared both in local currency and USD. RESULTS: During 2013, the government allowed private payers to increase their fees by 25.5%.  As a consequence, labor costs increased by 25.7%, affecting private payers and providers. For private healthcare providers, the cost to deliver care rose to 26.9%, whereas medical supplies and devices’ increase was 33.4%. Manufacturers raised their prices in 22%, while their sales rose in 28% in local currency, but only 5% in USD. CONCLUSIONS:

Conference/Value in Health Info

2015-05, ISPOR 2015, Philadelphia, PA, USA

Value in Health, Vol. 18, No. 3 (May 2015)

Code

PMD69

Topic

Health Policy & Regulatory

Topic Subcategory

Health Disparities & Equity

Disease

Multiple Diseases

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