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As expected, price sensitivity is generally higher for price changes above a price reference point than below.
Finally, we conclude this subsection presenting the estimates of the costs of having a disabled member living alone in the household in absolute monetary terms (Euros at 2010 prices in Power Purchasing Parity, PPP, taking as price reference the European Union as a whole).
In terms of financial accessibility, the generic price reference system in Belgium seems to work well.
With respect to this price reference, health care providers and insurance companies negotiate the real costs that they will finally apply.
This is in line with differential price concept and in contrast to external price reference, this allows affordability of each country to contribute to prices of pharmaceuticals.
The aim of this study was to establish whether the generic price reference system, as introduced in 2001 in Belgium, had a detrimental effect on the equity of health care.
Similar(54)
Price references the Pelvic and Sexual Health Institute as a resource.
External price referencing is a common pricing procedure applied in 22 EU Member States [ 8].
Austria, which, as described, applies external price referencing, also established a national price survey system.
Currently, Cyprus applies external price referencing (EPR), the dominant pricing policy within European Union.
To set the price, the method of external price referencing (international price comparison) is applied, and prices must not exceed average of the prices in other European Union Member States [ 22].
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