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Fourth Quarter 2017: Pharmacy Time Capsule

By Dennis B. Worthen, PhD, Cincinnati, OH

Pharmacy Time Capsules are written by Dennis Worthen, who makes them available for state pharmacy associations to share with their members.

1992 – 25 years ago

For fiscal 1992, the total amount Medicaid spent on drugs in 1992 approached $6.8 billion.
National health care spending was $854.1 billion or $3287/person.
There were 75 accredited colleges of pharmacy (compared to 130 in 2015).

1967 – 50 years ago

For fiscal year 1967, the total amount Medicaid spent on drugs exceeded $182 million.
National health care spending was $51.6 billion or $253/person.

1942 – 75 years ago

Marijuana was removed from the US Pharmacopeia in 1942. It had been included since 1854.
Premarin first marketed by Ayerst.

1917 – 100 years ago

Dean Rufus Lyman of the University of Nebraska calls for the formation of a national pharmacy honor society that is eventually realized with the founding of the Rho Chi Society.

One of a series contributed by the American Institute of the History of Pharmacy, a unique non-profit society dedicated to assuring that the contributions of your profession endure as a part of America’s history. Membership offers the satisfaction of helping continue this work on behalf of pharmacy, and brings five or more historical publications to your door each year.

To learn more, check out: www.aihp.org

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