tci Medicare Compliance & Reimbursement - 2006 Issue 5

INDUSTRY NOTES: Generic Statins Could Clinch Significant Part D Savings

Plus:  MedPAC's hospital PPS update recommendations receive backlash from AHALow-cost generic statins, which providers use to treat high cholesterol and heart disease, could play a key role in minimizing Part D program costs and maximizing consumer savings. A significant shift from higher-cost statins to lower-cost generics over the next two years could cut statin spending in half, producing $8.2 billion in savings for taxpayers, insurers and Medicare benes, according to a Jan. 11 Consumers Union study."For the Medicare drug benefit to continue without breaking the federal budget, it will be critical that medicines are prescribed based on...

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