Health Insurance Daily

Generic Spending On Rise At Drug Firm

The nation's largest pharmacy benefits manager announced Friday that it was distributing more generic drugs than brand-name counterparts, a sign that costly brand-name prescription medicines may be losing their grip on the market, leading to lower drug costs for consumers.

The trend is significant because even more generic prescription drugs are expected to hit the market in the near future. That could significantly reduce healthcare costs for some people, especially the elderly and those with chronic illnesses.

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posted by Mike @ 7:45 AM