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Desselle has been following and researching some of the pharmacy-related initiatives in California this year on behalf of lobbyists. He explained that while medical services are widely viewed as an inelastic good meaning their price doesn’t change with market fluctuations since they’re considered to be a necessity prescription drugs are highly elastic meaning their cost can increase as the market changes. When copays or deductibles increase due to high elasticity of demand, he explained, patients unable to afford their medications often ration them known as “nonadherence.” Neglecting to take the full dosage of medicines can impede their ability to treat chronic diseases. A 2018 study in the Permanente Journal by Dr. Fred Kleinsinger estimated that nonadherence results in approximately 100,000 preventable deaths per year. ....
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