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 StatesOregon, 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:
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B-Roll:
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-- 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:
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-- 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
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