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:5/29/2017)... ... May 29, 2017 , ... A New York high tech innovator and ... of the effectiveness of Artificial Intelligence (AI) in helping nudge men forward to be ... Wayne Hartrick, President of the Canadian Men’s Health Foundation (CMHF), whose mission is to ...
(Date:5/28/2017)... ... ... Starting in May, patients at The Bay Clinic of Chiropractic ... , Nerve-Express, originally designed for the Navy in the 1980s, measures the change in ... nervous system (ANS). The ANS controls all the critical unconscious functions of the ...
(Date:5/28/2017)... ... May 28, 2017 , ... Florida Pain Relief ... that Jorge Fernandez-Silva, M.D., has joined its new Melbourne pain clinic. , ... on minimally invasive techniques to treat and manage many types of pain. ...
(Date:5/28/2017)... ... May 28, 2017 , ... Viewers likely know Rob Lowe ... award-winner is also noted for his work on NBC’s The West Wing and Parks ... of the new series “Informed,” which puts the spotlight on important modern-day issues that ...
(Date:5/27/2017)... ... ... visiting the dentist? You should go twice per year for checkups, but if you want ... Here are some dental tips to help out: , 1. Brushing Teeth - Brush your ... or a locker at school for a quick brushing after lunch. Use a small brush ...
Breaking Medicine News(10 mins):
(Date:5/6/2017)... May 5, 2017  Hill-Rom Holdings, Inc. (NYSE: HRC), ... 100,000 square feet to its Welch Allyn campus. ... commitment to bring more than 100 new jobs to ... Allyn has maintained a significant presence for more than ... new positions, a large portion of which will be ...
(Date:5/4/2017)... and SAN DIEGO , May 4, ... (ACOG) 2017 Annual Clinical and Scientific Meeting— OBP Medical ... medical devices, today announced the launch of a new ... OfficeSPEC and ER-SPEC vaginal specula. Already ... extra-small and extra-large sizes makes OBP Medical,s line of ...
(Date:5/3/2017)... COUNTY, Calif. , May 3, 2017 /PRNewswire/ ... aspect of any hospital or healthcare facility. Commonly ... examination room is equipped with diagnostic imaging technology ... arteries of the heart. In these spaces, a ... angiography, catheterization, balloon angioplasty, percutaneous coronary intervention, congenital ...
Breaking Medicine Technology: