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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
April 16, 2008 at 08:22 AM
U.S. residents are responding to incentives to use generic drugs.
Researchers at Express Scripts Inc., St. Louis, a pharmacy benefit manager, has published figures supporting that finding in an analysis of the company’s 2007 drug trend experience.
The average total cost of a prescription rose to $55.93, from $55.01, but the average patient co-payment fell to $13.20, from $13.35, the researchers report.
The average co-payment fell because patients were more likely to try to hold down out-of-pocket costs by buying generic drugs rather than higher cost name-brand drugs, the researchers report.
Generics accounted for 67% of Express Scripts prescriptions filled in 2007, up from 42% in 2002.
Although insurers, employers and other plan payers paid a higher share of prescription costs, the shift to generics helped cut the increase in the cost of the average prescription to 1.6% in 2007, the Express Scripts researchers estimate.
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