CHPA Responds to Economic Impact Study on Prescription Requirement in WV
PR Newswire Association LLC |
Highlights from the new economic impact study:
- The annual direct cost to households in
West Virginia is estimated to be slightly more than$3.7 million inWest Virginia . - The legislation would cost
$1.83 million for West Virginians who do not currently have health insurance coverage. - If the legislature passed a prescription requirement, the number of doctor's visits for upper respiratory infections is estimated to increase by 78,817 annually.
West Virginia would lose approximately$321,309 in sales tax revenue every year.- Over a ten-year period, a prescription requirement would cost the state a total of
$149.4 million . - Under the proposed law, the state would experience approximately
$8.3 million in lost productivity per year due to time spent at the doctor's office and the inability for individuals to have immediate access to over-the-counter treatment options.
"In conducting this economic impact study, our mission was not to pass judgment or analyze the soundness of the policy itself but to instead focus strictly on the costs and budget implications associated with a prescription requirement," Dr. Catma said. "There is no doubt that
"We want to thank Dr. Catma for shedding light on the substantial costs of a prescription requirement and how they will impact law-abiding West Virginians, many of whom rely on nonprescription cold and allergy medicines on a regular basis," said
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