abstract:An administered price is in general a price which is either set (fixed) by legal statute or by a standard procedure formulated as an official policy, instead of being determined directly by supply costs and market demand. Even if supply and demand conditions change, the administered price may therefore stay the same, or it may change in the opposite direction - if e.
This cozy deal ended in 2005, when a 2003 U.S. law took effect setting reimbursement rates on drugs administered in doctors' offices much closer to the price that doctors paid.
This cozy deal ended in 2005, when a 2003 federal law took effect setting reimbursement rates on drugs administered in doctors' offices much closer to the price that doctors paid.