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Every $10 difference between brand and generic copayments can increase the generic substitution rate by 3–4 percent, according to a study by pharmacy benefit manager Express Scripts.
Pfizer reported lower fourth-quarter earnings due in part to generic competition, but the drug giant also touted its "rich pipeline" and a diverse portfolio that saw strong growth for some products.
The Republican governor of the largest state has urged federal lawmakers to approve long-dormant legislation legalizing the importation of prescription drugs into the U.S.
Missouri’s attorney general has accused four drugmakers of defrauding the state of more than $19 million by grossly inflating reported drug prices used to calculate reimbursements under the state Medicaid program.
Government-imposed price controls and increased generic drug use could slash U.S. drug costs by 30 to 50 percent, according to a Wake Forest University School of Medicine professor.
Missouri’s attorney general has accused four drugmakers of defrauding the state of more than $19 million by grossly inflating reported drug prices used to calculate reimbursements under the state Medicaid program.
Government-imposed price controls and increased generic drug use could slash U.S. drug costs by 30 to 50 percent, according to a Wake Forest University School of Medicine professor.
There is a growing trend among federal, state and local lawmakers to lower drug costs through various government-led negotiating strategies and increased transparency, which points to new legislative developments and executive plans to curb costs in the new year, a prominent consumer advocate says.
There is a growing trend among federal, state and local lawmakers to lower drug costs through various government-led negotiating strategies and increased transparency, which points to new legislative developments and executive plans to curb costs in the new year, a prominent consumer advocate says.