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New Chart Pack: Biopharmaceuticals in Government Programs

Allyson Funk
Allyson Funk July 16, 2015

New Chart Pack: Biopharmaceuticals in Government Programs.

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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:

fed-spending-healtchare

 

Medicines in Medicare Part D
Beneficiaries Save Through Plan Competition and Manufacturer Negotiations

beneficiaries-save

 

Medicines in Medicare Part B
Program Spending on Prescription Medicines Accounted for About 8% of Part B Spending in 2012

part-b-expenditures

 

Medicines in Medicaid
On Average, About 60% of the Initial Cost of Brand Medicines is Returned to States Through Rebates

 

medicaid_costs

Medicines in Veterans Affairs
VA Formulary Covers Fewer Drugs Than Part D

va-formularies

Medicines in 340B
Without Significant Reforms 340B Will Continue to Grow as Uninsured Rate Declines

uninsured-declines

Check out PhRMA’s other chart pack resources here and check back with our Medicare Monday series and 340B Spotlight as we take a deeper look at some of these charts in the coming weeks.

Topics: Access, 340B, Medicare, Medicaid