The US pharmaceutical industry: Why major growth in times of cost containment?

Growth in utilization rather than price, particularly since 1994, has been the primary driver of increased pharmaceutical spending. In this paper I fo cus on four factors that have increased utilization, even as cost containme nt efforts have flourished: (1) "the importance of being unimportant"; (2) increased third-party prescription drug coverage; (3) the introduction of s uccessful new products; and (4) aggressive technology transfer and marketin g efforts by pharmaceutical firms. I also consider the roles that these fou r factors are likely to play in the future.