News and Insights on Gosney LTC and the Long Term Care Industry

Study: Use of Generic Combination Drugs Could Have Drastically Reduced Medicare Spending

Would the use of generic drugs drastically reduce Medicare spending? It is projected that the annual spending for medication by 2020 would be $40 billion. “Promoting generic substitution and therapeutic interchange through prescriber education and more rational substitution policies may offer important opportunities to achieve substantial savings in the Medicare benefit program,” [Read the whole study here.] […]