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Generic-drug programs could yield savings: study
Modern Healthcare

If all eligible patients took advantage of $4 generic drug programs available at major retail pharmacies, it would yield a total societal savings of $5.78 billion, according to a study published in the Archives of Internal Medicine.

Looking at data in the 2007 Medical Expenditure Panel Survey, the authors found that patients currently using branded drugs and generics who switched to a $4 generic program would save $3.23 billion, while Medicare would save $1.07 billion. (Retailers such as Wal-Mart and Target offer some generics at a rate of $4 for a 30-day supply).

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