HOME >> MEDICINE >> NEWS
Study reveals $20 billion in untapped generic drug savings

ST. LOUIS, October 25, 2005 U.S. consumers could have saved $20 billion in 2004 and even more during this and future years by using more generic drugs, according to a new report by Express Scripts, Inc. Projectable to the U.S. commercially insured population, the study examined six major drug-therapy classes and was based on a random sample of approximately 3 million individuals.

The Express Scripts "2004 Generic Drug Usage Report" also ranked generic drug use and savings opportunities by state, revealing significant variation across the six drug categories used to treat common conditions like stomach ulcers, inflammation, depression, high blood pressure and high cholesterol. The company is one of the nation's largest managers of pharmacy benefit plans for employers, governments, unions and health plans.

The most dramatic savings potential exists for generic gastrointestinals, which are dispensed only 31% nationwide, but could feasibly reach as much as 95% adoption, the report finds. As such, greater use of non-branded gastrointestinals alone could drive down costs an additional $5.4 billion nationally.

In the anti-cholesterol category, generics are only dispensed 7% of the time nationally. However, drug costs could be reduced an additional $5.1 billion annually if generic fill rates reach the 70% goal projected in the report. The generic fill rate goals utilized in the study are based on an evaluation of clinical efficacy and market dynamics of branded and generic medications.

"We have only scratched the surface in taking advantage of the money-saving potential of clinically sound generic drugs," said Steve Miller, MD, Express Scripts Vice President, Research, and a study author. "As additional generics come to market and the use of prescription drugs grows, the opportunity to lower healthcare costs becomes even more significant. Best of all, using more generics simply requires better education and awareness of altern
'"/>

Contact: Steve Littlejohn
slittlejohn@express-scripts.com
314-702-7556
Express Scripts, Inc.
25-Oct-2005


Page: 1 2 3

Related medicine news :

1. Study, meta-analysis examine factors associated with death from heatstroke
2. Study says COPD testing is not measuring up
3. Study suggests loss of 2 types of neurons -- not just 1 -- triggers Parkinsons symptoms
4. Study reveals gaps in vaccine financing for underinsured children
5. Study suggests nonpharmaceutical interventions may be helpful in severe influenza outbreaks
6. Study shows radiofrequency ablation highly effective in treating kidney tumors
7. Study says normal but out-of-control enzyme may be culprit that signals some cells to become cancer
8. Study finds HIV protease inhibitor drugs may adversely affect the scaffolding of the cell nucleus
9. Study outlines how stroke, head injury can increase risk of Alzheimers disease
10. Study identifies new regulator of fat metabolism
11. Study shows Diachrome improves blood sugar control in people with type 2 diabetes

Post Your Comments:
*Name:
*Comment:
*Email:


(Date:9/3/2020)... , ... September 03, 2020 , ... ... Show 2021 will be held Wednesday, April 7, to Saturday, April 10, 2021, ... , Medical Spa Show is a national trade show for non-invasive medical aesthetic ...
(Date:9/3/2020)... , ... September 03, 2020 , ... ... Approval for Sunrise Technologies WALI wireless parking lot controller. This advanced LED wireless ... glare, reducing light trespass, and protecting the night sky against light pollution. Leo ...
(Date:9/1/2020)... ... September 01, 2020 , ... Board certified plastic ... While the office will be the first to bear her name, Dr. Saber ... (Brazilian butt lift), as well as rhinoplasty, facial rejuvenation, and many more in ...
(Date:9/1/2020)... ... September 01, 2020 , ... Feeding Matters , the first organization in ... Disorder (PFD), is pleased to announce that the U.S. Centers for Disease Control and ... in the next edition of the U.S. International Classification of Diseases (ICD ) ...
(Date:9/1/2020)... ... September 01, 2020 , ... ... specialty fellowship training in aesthetic surgery of the face, breast, and body. In ... only female-owned premier boutique plastic surgery and aesthetic practice in Southwest Florida. Dr. ...
Breaking Medicine News(10 mins):
(Date:9/1/2020)... ... September 01, 2020 , ... Breast and ovarian cancers are common diseases that ... of breast cancers (about 7,500 women per year) and 10% of ovarian cancers (about ... Both genes are detectable in the Women’s Excellence Genetic Testing Program. , Dr. ...
(Date:8/31/2020)... ... August 31, 2020 , ... Cloudticity ... has named Cloudticity a Gold winner in the 15th Annual 2020 Network PG’s ... o ns from Network Products Guide honoring achievements of world’s best ...
(Date:8/27/2020)... ... 27, 2020 , ... Austin Oral Surgery – an oral and maxillofacial surgery ... Szalay, DDS, MD, has joined the practice. An accomplished oral and maxillofacial surgeon, Dr. ... is scheduled to open this fall. The new office is slated for 1601 E. ...
Breaking Medicine Technology:
Cached News: