Close Close
ThinkAdvisor

Retirement Planning > Saving for Retirement

Stretch drug budget dollars

By staff Writer

X
Your article was successfully shared with the contacts you provided.
  • 80%: Percentage of medications with a generic option.
  • 67%: Level of generic drug utilization for all users in the United States.
  • $13 billion: Expected sales lost to expired patent protection in 2008.
  • 11%: Percent reduction in annual costs for medication by switching to generics drugs.
  • $201 million: Approximate annual savings resulting from a 1 percent increase in generic drug use among Medicaid recipients.
  • $4.5 billion: Overall savings for the Medicaid program over the next five years by increasing the generic prescription fill rate to 65 percent.