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Our most academic publication offers research and surveys on monetary policy, national and international developments, banking, and more. The content is written for an economically informed readership—from the undergraduate student to the PhD.


Vol. 90, No. 6 (Posted 2008-11-01)

Drug Prices Under the Medicare Drug Discount Card Program

by Emin M. Dinlersoz, Rubén Hernández-Murillo, Han Li, and Roger Sherman

In early 2004, the U.S. government initiated the Medicare Drug Discount Card Program (MDDCP), which allowed card subscribers to obtain discounts on prescription drugs. Pharmacy-level prices were posted on the program website weekly with the hope or promoting competition among card sponsors by facilitating consumer access to prices. A large panel of pharmacy-level price data collected from this website indicates that price dispersion across cards persisted throughout the program.

Cite this article

Please contact Rubén Hernández-Murillo for questions regarding the data and programs for this article. He can be reached at Ruben.Hernandez@stls.frb.org.





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