Generic Medicine Savings: How Does Your State Stack Up?

(BPT) - It’s a fact: If you take safe, effective, FDA-approved generic prescription medicines, you are saving money. The average copay for a generic medicine is nearly $50 lower than the copay for a brand-name drug. More than 9 out of 10 generic prescriptions are filled for $20 or less.

The Association for Accessible Medicines’ Generic Drug & Biosimilars Access & Savings in the U.S. Report (with data provided by IQVIA) reveals that savings from generic drugs added up to $313 billion in 2019 and close to $2.2 trillion over the past decade. Biosimilars, which meet the same standards of pharmaceutical quality, safety and efficacy that apply to all biological medicines, are a growing area of savings for America’s patients. They saved the health care system $2.2 billion in 2019 and $4.5 billion over the past 10 years.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.