Tag: drug costs

Healthcare System Savings: How Generic Drugs Cut Billions in U.S. Drug Spending

Healthcare System Savings: How Generic Drugs Cut Billions in U.S. Drug Spending

Generic drugs saved $482 billion in U.S. healthcare spending in 2024, making up 90% of prescriptions but only 12% of costs. Biosimilars are the next frontier, with potential to save hundreds of billions more-if barriers to entry are removed.

Jan 28 2026
Medicare Part D Economics: How Programs Use Generics to Cut Costs

Medicare Part D Economics: How Programs Use Generics to Cut Costs

Medicare Part D saves billions by prioritizing generic drugs through tiered formularies, low copays, and caps on out-of-pocket spending. Learn how the system works-and how to use it to cut your prescription costs.

Jan 17 2026