It’s no secret that some, even many, lines of prescribed medication supply have encountered bottlenecks and breakdowns recently. This has led to shortages at the distribution point and caused many pharmacists to disappoint their patients holding the prescriptions unless the pharmacy has facilities to dispense compounded medications.
The problem was reported to Congress in May 2023, when an investigation by the Department of Health and Human Services reported that “prescription drug shortages are an ongoing concern in the US.”
The report highlights some of the most impactful effects of drug shortages:
- Consumers in older age brackets are significantly affected by drug shortages. Two-thirds of those that suffered a failure in the supply of their drugs were 45 and older.
- Drug shortages leave consumers unable to fill their prescriptions. The prescription was often never filled, even after supplies were restored. The study found a decline in sales volume of between 28% and 35% year-on-year after a drug shortage was corrected.
- Drug shortages have led to higher prices, especially for generic substitutes. The data showed a 16% increase in the prices of the generic alternatives to drugs in shortage.