Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
F
- Free PricingTermUnregulated Pricing, Free Market Pricing
- A pricing environment in which manufacturers set a drug's initial launch price without direct government price controls, largely the case in the US.
R
- Regulated PricingTermControlled Pricing, Administered Pricing Environment
- A pricing environment where government directly sets, negotiates, or constrains manufacturer prices, unlike a free pricing environment without direct control.