Posts Tagged ‘generics’

Cross-Catalyst Post: New generics: A shot in the arm for state Medicaid programs?

Thursday, July 15th, 2010

On our PostScript blog today, we posted about a Harvard study published in this month’s Health Affairs that looked at generic drugs and the potential benefit they can provide in savings to cash-strapped Medicaid programs. The researchers conclude that if pharmacists are allowed to switch patients from a brand name drug to a generic, savings abound for tight Medicaid budgets. While generics are completely safe and chemically equivalent to the brand name drugs, pharmaceutical marketing often has patients convinced that brand name equals better. Not so. Here’s an excerpt:

“While all states have adopted generic substitution laws, the extent to which pharmacists or patients can influence the medications they choose differs from state to state.  The Harvard researchers found that states that did not require patient consent to switch prescriptions from Zocor to the clinically equivalent, less costly simvastatin saved $15.35 per prescription on these medications in the first quarter after patent expiration.  If all states had adopted such policies, Medicaid programs could have saved $19.8 million nationwide on the introduction of simvastatin.

“While patients should be empowered to participate in their own health decisions, this study demonstrates that requiring patient consent for generic substitution impedes patients from initially choosing generics even when they will eventually prefer them to the brand name.”

Read the rest of the post on how generic prescriptions can save money with out sacrificing quality on PostScript.

– Joy Lee, policy intern

Consumers back amendment to end pharma sweetheart deals

Thursday, December 10th, 2009

A group of 33 major consumer and labor organizations from 14 states are calling on the Senate to take up a cost-savings measure that would help consumers get access to well-tested, fairly priced drugs by banning anti-competitive legal deals between brand-name and generics companies.

The provisions, which Wisconsin Sen. Herb Kohl introduced as Senate Amendment 2862 to the Patient Protection and Affordable Care Act, would prevent brand-name drug companies from paying off generic drug companies, a practice commonly known as “pay-for-delay settlements. These backroom sweetheart deals, to which consumers have no access or recourse, are rigged to allow brand name drug companies to retain longer patent exclusivity, and thus high, anti-competitive pricing – locking many consumers out of access to well-tested, affordable medications.

Among those joining Community Catalyst to support this amendment [read their letter to Senate leadership] are some big hitters in the consumer protection arena:  Consumers Union, PIRG, Public Citizen, and Medicare Rights Center, among others.

–Georgia Maheras, Prescription Access and Quality