Printer Friendly
The Free Library
19,111,409 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

PATHFIRE NEWS FEED/Study Reveals $20 Billion in Untapped Generic Drug Savings.


Generics Use Varies by State: Massachusetts Massachusetts (măsəch`sĭts), most populous of the New England states of the NE United States. , Oregon Oregon, city, United States
Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products.
 and New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S).  Have Highest Usage; New Jersey and New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 Have Lowest
WHAT: Available on Pathfire Story Number ESI001 in Video News Feeds,
    Master VNF Locator page (See below for instructions on where to
    locate within the Pathfire DMG application.)

    A new study released today by Express Scripts revealed that U.S.
    consumers could have saved $20 billion in 2004 and can save even
    more in coming years by using more generic drugs. The "2004
    Generic Drug Usage Report" examined six major drug categories, and
    may hold the solution to rising healthcare costs Americans have
    been battling for years.

    The report also reveals that:

    --  In the next five years, more than $50 billion in branded drugs
        will lose patent exclusivity, with $11 billion being within
        the next year alone.

    --  Consumers can save as much as $10 or more per prescription by
        using generics.

    --  Massachusetts, Oregon and New Mexico had the highest generic
        fill rates at 56% each.

    --  The lowest generic fill rates were in New Jersey (41%) and New
        York (43%).

    --  Southern states, including Texas, Louisiana and Florida, opted
        for generics for fewer than 46% of all prescriptions filled in
        2004.

    --  The states with the greatest savings opportunities from
        generics are California and Texas, at $1.5 billion each, and
        New York, Florida, Ohio and Pennsylvania, at $1 billion each.

PATHFIRE FEED CONTAINS:
-----------------------
B-Roll:
-------

--  Sound bites of Dr. Steve Miller, MD, Vice President, Express
    Scripts, commenting on $20 billion savings, $50 billion in drugs
    going generic, the potential to use $20 billion - the same amount
    hospitals spend annually on uninsured care and actions - to
    increase generic drug use

--  U.S. Map: Generic Drug Usage Variation

--  Chart: Drugs Going Generic

--  Chart: $20 Billion in Generic Drug Savings

SOT:
----

--  Express Scripts Vice President, Steve Miller, M.D.

INSTRUCTIONS
------------
To locate the Express Scripts Generic Drug Savings story on your
Pathfire DMG News system: On the left side of the DMG main page, click
on the "VNF Master Locator" or the "VNF Provider A" page. Locate the
story number. You can now preview and dub the story as needed. If you
have questions or issues locating the story contact Pathfire Customer
Support at 1-888-345-0489 or support@pathfire.com.

ONLINE MEDIA KIT:   http://www.express-scripts.com/pr/generics

THIS FEED IS FOR UNRESTRICTED USE
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Oct 26, 2005
Words:388
Previous Article:Veramark Announces VeraSMART Order From A Major Freight Railroad.
Next Article:Pharos Capital Leads Follow On Round in Travel Holdings, Inc.; Second-Round Investment to Be Used for Expansion Overseas.
Topics:



Related Articles
Generic drugs in Canada cost up to 51% more than western Europe. (Health).
Generic drugs can save you $$$.
HMO rate rise for 2004 expected to average 18 percent, says Hewitt.
Streamlining benefit plan administration: here are three cost-effective ways you can streamline your benefit plan administration.
Rx for costs: health insurers are finding generic, over-the-counter and mail-order drugs are the right prescription to help reduce the nation's...
No experience necessary: a profile of Bush's AIDS czar.
Special delivery: most studies show mail-order pharmacies save money for insurers and consumers, but retail stores are demanding to be an option,...
Special delivery: health insurers need to manage the cost and use of specialty drugs.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles