Question:
Does Medicare overspend on brand name medications over equivalent generic medications?
Answer:
Yes
MedHead Confidence Score: 5
Amount Saved: $925 million
MedHead Message:
So if I tell Medicare they can save over $900 million per year simply by paying for generic medications over Brand name medications for the same conditions with equal outcomes, will they split the savings and pay me the other half? (Yeah, keep dreaming buddy…Looks like I’m not giving up the minivan anytime soon)
References:
Sackks, CA, et. al. Medicare Spending on Brand-mane Combination Medications vs Their Generic Constituents. JAMA. 2018:320(7):650-656
