Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Running Your Business

Stretch drug budget dollars

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.