Utilization of Generic Cardiovascular Drugs in Medicare's Part D Program. Issue 2 (December 2021)
- Record Type:
- Journal Article
- Title:
- Utilization of Generic Cardiovascular Drugs in Medicare's Part D Program. Issue 2 (December 2021)
- Main Title:
- Utilization of Generic Cardiovascular Drugs in Medicare's Part D Program
- Authors:
- Ma, Iris
Tisdale, Rebecca L.
Vail, Daniel
Heidenreich, Paul A.
Sandhu, Alexander T. - Abstract:
- Abstract : Background: Generic medications cost less than brand-name medications and are similarly effective, but brand-name medications are still prescribed. We evaluated patterns in generic cardiovascular medication fills and estimated the potential cost savings with increased substitution of generic for brand-name medications. Methods: This was a cross-sectional study of cardiovascular therapies using the Medicare Part D database of prescription medications in 2017. We evaluated drug fill patterns for therapies with available brand-name and generic options. We determined the generic substitution ratio and estimated the potential savings with increased generic substitution at the national, state, and clinician level. We compared states with laws related to mandatory pharmacist generic substitution and patient consent for substitution. Results: Of ≈$22.9 billion spent on cardiovascular drugs in Medicare Part D prescription programs in 2017, ≈$11.0 billion was spent on medications with both brand-name and generic options. Although only 2.4% of medication fills were for the brand-name choice, they made up 21.2% of total spending. Accounting for estimated brand-name rebates, generic substitution for these medications would save $641 million, including $135 million in costs shouldered by patients. Furthermore, the minority of clinicians with the lowest generic utilization was responsible for a large proportion of the potential cost savings. Conclusions: There are substantialAbstract : Background: Generic medications cost less than brand-name medications and are similarly effective, but brand-name medications are still prescribed. We evaluated patterns in generic cardiovascular medication fills and estimated the potential cost savings with increased substitution of generic for brand-name medications. Methods: This was a cross-sectional study of cardiovascular therapies using the Medicare Part D database of prescription medications in 2017. We evaluated drug fill patterns for therapies with available brand-name and generic options. We determined the generic substitution ratio and estimated the potential savings with increased generic substitution at the national, state, and clinician level. We compared states with laws related to mandatory pharmacist generic substitution and patient consent for substitution. Results: Of ≈$22.9 billion spent on cardiovascular drugs in Medicare Part D prescription programs in 2017, ≈$11.0 billion was spent on medications with both brand-name and generic options. Although only 2.4% of medication fills were for the brand-name choice, they made up 21.2% of total spending. Accounting for estimated brand-name rebates, generic substitution for these medications would save $641 million, including $135 million in costs shouldered by patients. Furthermore, the minority of clinicians with the lowest generic utilization was responsible for a large proportion of the potential cost savings. Conclusions: There are substantial potential cost savings from substituting brand-name medications with generic medications. These savings would be primarily driven by lower use of brand-name therapies by the minority of clinicians who prescribe them at increased rates. Abstract : Supplemental Digital Content is available in the text. … (more)
- Is Part Of:
- Circulation. Volume 14:Issue 2(2021)
- Journal:
- Circulation
- Issue:
- Volume 14:Issue 2(2021)
- Issue Display:
- Volume 14, Issue 2 (2021)
- Year:
- 2021
- Volume:
- 14
- Issue:
- 2
- Issue Sort Value:
- 2021-0014-0002-0000
- Page Start:
- Page End:
- Publication Date:
- 2021-12
- Subjects:
- drug substitution -- generic drugs -- pharmacists -- prescription drugs
Cardiovascular system -- Diseases -- Treatment -- Periodicals
Cardiovascular system -- Diseases -- Research -- Periodicals
Outcome assessment (Medical care) -- Periodicals
Evidence-based medicine -- Periodicals
616.1007 - Journal URLs:
- http://circoutcomes.ahajournals.org ↗
http://gateway.ovid.com/ovidweb.cgi?T=JS&MODE=ovid&PAGE=toc&D=ovft&AN=01337496-000000000-00000 ↗
http://journals.lww.com ↗ - DOI:
- 10.1161/CIRCOUTCOMES.120.007559 ↗
- Languages:
- English
- ISSNs:
- 1941-7713
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 3265.263000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 20681.xml