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AAM: Generics saved $253B in 2016, $1.7T in past decade
WASHINGTON — Generics continue to play a key role in the healthcare system, according to the the Association for Accessible Medicines’ recently released ninth annual Generic Access and Savings in the U.S. report, compiled by the QuintilesIMS Institute for the AAM (formerly the Generic Pharmaceutical Association). The report highlights that generic drugs saved the healthcare system $253 billion in 201, bringing 10-year savings to $1.67 trillion.
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NACDS urges Congress to pass provider status legislation
WASHINGTON — The National Association of Chain Drug Stores this week shared with the House Ways and Means Committee the important role pharmacy plays in the nation’s healthcare system in an effort to encourage passage of legislaton giving pharmacists provider status under Medicare Part B.
The Pharmacy and Medically Underserved Areas Enhancement Act has been introduced in both the House and Senate, and NACDS’ statement looked to drum up support by outlining the work pharmacists do for patients, particularly in medically underserved areas.