Managed Care

 

Use of Generics On the Rise

MANAGED CARE March 2007. © MediMedia USA
News and Commentary

Use of Generics On the Rise

MANAGED CARE March 2007. ©MediMedia USA

Recent data issued by the Centers for Medicare and Medicaid Services indicate that generic medication accounts for nearly 60 percent of the drugs dispensed to people in Medicare Prescription Drug Plans and Medicare Advantage plans.

Dispensing of generics has increased among private third-party payers — growing 9 percent over the past year, according to the National Association of Chain Drug Stores. Generic drug use by Medicare Part D participants is 13 percent higher than by people with third-party coverage.

CMS acting administrator Leslie V. Norwalk says that a growing number of beneficiaries are asking their doctors and pharmacists about generics, which leads to more savings "that can be used to provide better value and expanded coverage to beneficiaries."

Meetings

2014 Annual HEDIS® and Star Ratings Symposium Nashville, TN November 3–4, 2014
PCMH & Shared Savings ACO Leadership Summit Nashville, TN November 3–4, 2014
Medicare Risk Adjustment, Revenue Management, & Star Ratings Fort Lauderdale, FL November 12–14, 2014
World Orphan Drug Congress Europe 2014 Brussels, Belgium November 12–14, 2014
Healthcare Chief Medical Officer Forum Alexandria, VA November 13–14, 2014
Home Care Leadership Summit Atlanta, GA November 17–18, 2014
6th Semi-Annual Diagnostic Coverage and Reimbursement Conference Boston December 4–5, 2014
Customer Analytics & Engagement in Health Insurance Chicago December 4–5, 2014
Pharmaceutical and Biotech Clinical Quality Assurance Conference Alexandria, VA December 4–5, 2014
9th Semi-Annual Medical Device Coverage and Reimbursement Conference San Diego December 5, 2014
8th Annual Medical Device Clinical Trials Conference Chicago December 8–9, 2014
HealthIMPACT Southeast Tampa, FL January 23, 2015