The United States government could save billions of healthcare dollars if it purchased generic drugs at the prices offered by mcuban’s new online pharmacy that was launched this year.
In a comparison between Medicare’s spending in 2020 and the prices of Cuban’s Cost Plus Drug Company, researchers found that Medicare could have saved $3.6 billion, according to new research from Brigham and Women’s Hospital and Harvard Medical School published Monday in the journal Annals of Internal Medicine.
Dr. Hussain Saleem Lalani, a researcher at Brigham and Women’s Hospital in Boston and the study’s lead author, said that the study"does show that Medicare is overpaying for some of the generic drugs.”“This is a conservative estimate, so the actual savings are likely higher,” Lalani added. NEW STUDY: Medicare could have saved up to $3.6 billion in 2020 if it bought 77 generic drugs at prices by Mark Cuban's @costplusdrugs prices! 💵💵💵🧵 https://t.co/NDjH4U0ZB7 pic.twitter.com/UZGteRxPkoThe study analyzed the cost of 89 generic drugs sold by Cost Plus Drug in 2022 alongside the prices Medicare Part D plans paid in 2020. With an adjustment for price-point changes between 2020 and 2022, researchers found that Medicare paid $8.
The researchers’ analysis did not consider out-of-pocket costs for Medicare enrollees, making it difficult to know the exact impact on costs at the pharmacy counter if Medicare had purchased the generic drugs at the cheaper rate.Cuban’s Cost Plus Drug Company sells hundreds of medications at the cost of production with a 15% service fee and a $3 pharmacy fee, promising up to 90% savings on prescription drugs, according to the company’s website.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Duchess of Cambridge steps out in chic white two-piece suit to mark Windrush DayThe Duke & Duchess of Cambridge visited Waterloo station for the reveal of the monument that celebrates the dreams and courage of all of those from the Windrush generation.
Read more »
Medicare could save billions on generic drugs buying at Mark Cuban's pricesResearchers compared what the U.S. government pays for prescription drugs to the prices of generic drugs sold at the entrepreneur's new online pharmacy.
Read more »
Buying From Mark Cuban’s Pharmacy Could Save Medicare Billions, Study SaysMedicare, the federal health-insurance program for seniors, could save billions of dollars a year if it bought prescription generic drugs from a new pharmacy backed by Mark Cuban, Harvard Medical School researchers estimate
Read more »
Medicare Could Save Billions on Generic Drugs Buying at Mark Cuban's PricesResearchers compared what the U.S. government pays for prescription drugs to the prices of generic drugs sold at the entrepreneur’s new online pharmacy.
Read more »
Crowds mark summer solstice at ancient Stonehenge monumentLONDON (AP) — Thousands of druids, pagans and New Age revelers greeted the summer solstice at Stonehenge on Tuesday, the longest day of the northern hemisphere year. Wiltshire Police said about 6,000 people gathered at the ancient stone circle in southern England to watch the sun rise at 4:49 a.m.
Read more »
Medicare Could Save Billions on Generic Drugs Buying at Mark Cuban's PricesResearchers compared what the U.S. government pays for prescription drugs to the prices of generic drugs sold at the entrepreneur’s new online pharmacy.
Read more »