Today, PhRMA released a new resource on biopharmaceuticals in government programs. This new chart pack features key facts about prescription medicines in four major government programs – Medicare, Medicaid, Veterans Affairs and the 340B drug discount program.
Check out the chart pack here: http://www.phrma.org/gov-chartpack-2015
Below is a preview of the new resource.
Federal Spending on Health Care
Over the Next Decade:
Medicines in Medicare Part D
Beneficiaries Save Through Plan Competition and Manufacturer Negotiations
Medicines in Medicare Part B
Program Spending on Prescription Medicines Accounted for About 8% of Part B Spending in 2012
Medicines in Medicaid
On Average, About 60% of the Initial Cost of Brand Medicines is Returned to States Through Rebates
Medicines in Veterans Affairs
VA Formulary Covers Fewer Drugs Than Part D
Medicines in 340B
Without Significant Reforms 340B Will Continue to Grow as Uninsured Rate Declines
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