Medicare Is Overpaying For Generics, Says JAMA Study
Could Have Saved $2.6bn In 2018 Buying 184 Generics At Costco Prices
Executive Summary
A study published in the Journal of the American Medical Association has found that while Medicare coverage of generic drugs likely improves patient adherence and reduces other health care utilization, inefficiencies stemming from its “complex and opaque system of intermediaries” mean that it has overpaid on most prescription generics compared to retailer Costco.