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What to Do as Recession Fears Grip Investors

Also, a big boost in HSA contribution limits next year, and a look at 3 big-box retailers after earnings. ....

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Generic Medicine Savings: How Does Your State Stack Up?

Generic Medicine Savings: How Does Your State Stack Up?
Dec. 18, 2020
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(BPT) - It’s a fact: If you take safe, effective, FDA-approved generic prescription medicines, you are saving money. The average copay for a generic medicine is nearly $50 lower than the copay for a brand-name drug. More than 9 out of 10 generic prescriptions are filled for $20 or less.
The Association for Accessible Medicines’ Generic Drug & Biosimilars Access & Savings in the U.S. Report (with data provided by IQVIA) reveals that savings from generic drugs added up to $313 billion in 2019 and close to $2.2 trillion over the past decade. Biosimilars, which meet the same standards of pharmaceutical quality, safety and efficacy that apply to all biological medicines, are a growing area of savings for America’s patients. They saved the health care system $2.2 billion in 2019 and $4.5 billion over the past 10 years. ....

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