Sentence examples for before the reference price from inspiring English sources
Before the reference price system was introduced, both the prescribing physician and the purchasing individual could reject the substitution without affecting the reimbursement rate of the product [18].
Consequently, if on-patent brand-name drugs were pitted against generic drugs under reference pricing, the prices of on-patent drugs would inevitably collapse to the reference price.
The reference price reflects what is reimbursed by health insurance.
It is not a direct price control, as manufacturers are free to set a price higher than the reference price.
Producers may price their products at the reference price level, while having no incentive to make any further price reductions.
Electricity prices for all consumer groups are significantly lower than the reference price.
Drugs priced at or below the reference price are subsidized while drugs above the reference price require the patient to pay the excess in part or in total.
Our results for the price elasticity between categories were nonsignificant for both the reference price and price discount.
Therefore, the incentive to the manufacturer is to set a price close to the reference price.
Drugs priced below 30percentnt of the reference price are exempted from regular co-payments.
On the other hand, when the retail price was lower than the reference price, the payer cost was obtained from the reference price minus the patient co-payment.
