Navigation Links
Use of $4 generic drug programs could save society billions of dollars, study shows
Date:3/14/2011

PITTSBURGH, March 14 If all eligible patients filled their prescriptions through a $4 generic drug program, the societal savings could amount to nearly $6 billion, according to a University of Pittsburgh Graduate School of Public Health (GSPH) study. Published in the March 14 issue of Archives of Internal Medicine, the study is the first to evaluate the potential national savings from a broad use of discounted generic medication programs that are available at many retail stores' pharmacies.

The study examined a large group of people who used generic medications or their brand-name counterparts drugs like lovastatin or prescription-strength ibuprofen that also were available for $4 per 30-day supply through a discounted generic drug program. The study found that among the patients taking these medications, less than 6 percent used the $4 generic medication programs in 2007, even though on average prescription drug coverage plans ask patients to pay about $10 per 30-day supply for generic drugs and about $25 per 30-day supply for brand-name medications.

Had all eligible patients used the discount programs in 2007, the societal savings would have been $5.8 billion.

"Although just half of the potential users of the $4 programs would have saved more than $22 a year in out-of-pocket expenses, the societal savings are great. This suggests the majority of savings comes from a small proportion of individuals," said the study's lead author, Yuting Zhang, Ph.D., assistant professor of health policy and management, GSPH.

The researchers examined a nationally representative sample of nearly 31,000 people in the 2007 Medical Expenditure Panel Survey (MEPS) and identified patients who could have saved money had they filled their medications through a discount generic drug program. The researchers calculated potential savings as the difference between the actual prescription payments recorded in MEPS and the $4 the patients would have paid through a discount program.

"We are not promoting any specific pharmacy or any retail store's discount generic medication program," Dr. Zhang said. "However, if policy makers and clinicians direct patients to low-cost generic programs, patients and taxpayers could save tremendously."


'/>"/>

Contact: Allison Schlesinger
SchlesingerAP@upmc.edu
412-648-9725
University of Pittsburgh Schools of the Health Sciences
Source:Eurekalert

Related medicine news :

1. Speedy generic approval may not benefit consumers as much as expected, Rotman model shows
2. Speedy generic approval may not benefit consumers as much as expected, Rotman model shows
3. Generic drug may improve the effectiveness of cancer nanotherapies
4. Nations top primary care physician organizations release guidelines for PCMH recognition programs
5. Universal screening programs can uncover abuse, study finds
6. Family planning programs have success in developing countries, but need to be expanded
7. Wellness programs provide high returns, research reveals
8. Hospitals introduce family-activated rapid response programs
9. Strengthening routine flu vaccination and health programs may improve pandemic vaccinations
10. Parent-Only Programs Can Help Obese Kids Lose Weight: Study
11. ESC announces new initiatives for workplace heart health programs
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... Lori R. Somekh, founder ... of ElderCounsel, a national organization of elder law and special needs planning attorneys. “Membership ... rules. It also provides a forum to network with elder law attorneys nationwide,” said ...
(Date:10/13/2017)... NJ (PRWEB) , ... October 13, 2017 , ... Global ... at scenic Alexandria Park in Milford, NJ. This free event, sponsored by Global ... physical activity. The fun run is geared towards children of all ages; it ...
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: the Christian ... On The Brink” is the creation of published author, William Nowers. Captain Nowers ... a WWII veteran, he spent thirty years in the Navy. Following his career ...
(Date:10/12/2017)... PALM CITY, Fla. (PRWEB) , ... October 12, 2017 , ... ... of cold therapy products, announced today the introduction of an innovative new design of ... the multipurpose pad so you get maximum comfort while controlling your pain while using ...
(Date:10/12/2017)... ... 12, 2017 , ... HMP , a leader in healthcare events and ... Eddie Digital Award for ‘Best B-to-B Healthcare Website.’ Winners were announced during the Eddie ... annual award competition recognizes editorial and design excellence across a range of sectors. This ...
Breaking Medicine News(10 mins):
(Date:9/25/2017)... R.I. , Sept. 25, 2017  EpiVax, ... assessment, vaccine design, and immune-engineering today announced the ... on the development of personalized therapeutic cancer vaccines. ... has provided exclusive access to enabling technologies to ... Eng., MBA will lead EpiVax Oncology as Chief ...
(Date:9/19/2017)... Sept. 19, 2017   ZirMed Inc ., a recognized ... announced that it has been ranked #1 by its users ... Rankings 2017 User Survey. ZirMed was recognized as the ... hospitals and medical centers over 200 beds and holds one ... technology user survey history. ...
(Date:9/12/2017)... MOUNTAIN LAKES, N.J. , Sept. 12, 2017  Consumer reviews ... Embrace Hearing as the number one company for hearing ... Oticon™, ReSound™ and fifteen other brands. ... Embrace Hearing Named #1 by Consumers For Hearing Aids ... Embrace Hearing is an online store that ...
Breaking Medicine Technology: