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Health Plan Could Save $1B Per Year with Generic Drugs
Excellus BlueCross BlueShield says it could save $460 million to $1 billion per year if its customers use more generic drugs instead of name-brand prescriptions, according to a new report from the insurer.
That's because the average 30-day costs for brand drugs have risen exponentially--a 73% increase from $120 to $208 over the last 5 years--compared to generics, which actually decreased 7.5% from $19 to $18, the Rochester Democrat and Chronicle reports.
Read more at: http://tinyurl.com/6uav2ts
Source: Fierce Health Payer
Adding to this cost trend is the fact that "no less than 42 brand-name drugs either have or will become available as generics in 2011 and 2012, which easily can mean a 2-point to 4-point increase in the upstate New York generic fill rate," says Joel Owerbach, Excellus vice president and chief pharmacy officer.
Empowering Community Health Through Wellness and Faith
April 23rd 2024To help celebrate and recognize National Minority Health Month, we are bringing you a special month-long podcast series with our Strategic Alliance Partner, UPMC Health Plan. In the third episode, Camille Clarke-Smith, EdD, MS, CHES, CPT, discusses approaching community health holistically through spiritual and community engagement.
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Data Back Neoadjuvant Combo vs Chemo Alone for Early-Stage NSCLC
April 24th 2024For patients with early-stage non–small cell lung cancer (NSCLC), combining neoadjuvant immune checkpoint inhibitors and platinum-based chemotherapy improves 2-year outcomes over chemotherapy alone, suggest findings of an extensive literature review and meta-analysis.
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Overcoming Employment Barriers for Lasting Social Impact: Freedom House 2.0 and Pathways to Work
April 16th 2024To help celebrate and recognize National Minority Health Month, we are bringing you a special month-long podcast series with our Strategic Alliance Partner, UPMC Health Plan. Welcome to our second episode, in which we learn all about Freedom House 2.0 and the Pathways to Work program.
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Patient Navigation in Oncology at Heart of Priority Health White House Visit
April 24th 2024On March 27, Priority Health's president and CEO, Praveen Thadani participated in a discussion on how to expand and optimize patient navigation services in oncology care, as part of the Cancer Moonshot initiative.
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