Markup Madness – Who’s Profiting from Your Prescription?
Time 2022-09-24 03:26:21Web Name: Markup Madness – Who’s Profiting from Your Prescription?
WebSite: http://www.markupmadness.org
ID:327010
Keywords:
Who,Markup,Madness,YourDescription:
Markup Madness
MARKUP MADNESS
Who’s ProfitingfromYour
Prescription?
MARKUP MADNESS
Who’s Profiting
from Your
Prescription?
MARKUP MADNESS
Who’s Profiting
from Your
Prescription?
Atorvastatin
Atorvastatin, the generic medicine for Lipitor commonly prescribed to control high cholesterol, sells to patients at retail for $46 cash. Generic drug makers sell it to their customers in the supply chain for only $1.46.Omeprazole
Omeprazole, the prescription generic medicine for Prilosec commonly prescribed to prevent heartburn and stomach ulcers, sells to patients at retail for $74 cash. Generic drug makers sell it to their customers in the supply chain for only $0.92.Policymakers can address these challenges and ensure the sustainability of the generic and the emerging biosimilar medicines markets. The AAM Roadmap For Ensuring Patient Access has key steps policymakers can take to ensure all Americans continue to benefit from a competitive and robust generics and biosimilars industry.
Reduce Medicare Cost Sharing for Seniors – The Ensuring Access to Lower-Cost Medicines for Seniors Act would ensure coverage of newly available generic and biosimilar medicines, reduce patient cost-sharing through proper formulary tier coverage and create a new specialty tier for biosimilars.
Eliminate the Medicaid Generics Penalty – The Protecting Access to Affordable Medicines Act would fix the misguided application of the Medicaid rebate on generic medicines, reducing the risk of drug shortages and benefiting patients through sustainable access to low-cost generics.
Address Patent Abuse – The Restoring the America Invents Act would strengthen the Inter-Partes Review process to support earlier generic entry.
Preserve the Tools that Drive Competition and Savings – Developers of generic and biosimilar medicines rely on the 180-day exclusivity period for new generics and the ability to accelerate competition through patent settlements and the “skinny label” pathway.
Resources and Media
AAM Calls on FTC to Investigate PBM Business Practices
Public LetterGeneric Manufacturers Ask the DOJ and the FTC to Investigate Market Abuses by Buying Groups
AAM BlogSeniors Are Still Missing Out on Savings in Medicare Part D
AAM BlogGeneric Prices Are Falling, But Seniors Are Paying More for Generic Drugs. What’s Happening Here?
Report2021 U.S. Generic and Biosimilar Medicines Savings Report
ReportSidelined: How Seniors Miss Out On Savings Available Through Generic Substitution
ReportAccess Denied: Why New Generics Are Not Reaching America’s Seniors
ReportAAM Securing Sustainable Markets
CampaignAbuse of the patent system is keeping drug prices high for patients
AAM BlogThe Medicaid Generics Penalty: A Primer
ReportMedicare and Commercial Plans Fail to Get New Generics to Patients
Press ReleaseSeniors Denied Access to New, Lower-Priced Generic Drugs Due to Medicare Coverage Delays
RAPSAAM: Medicare Part D plans slow to adopt generics
AAM BlogThe First (Price) Cut Is the Steepest
Middlemen profit-taking threatens sustained patient savings and access to generic medicines. That is #MarkupMadness! Learn more
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