Medicare Part D spent twice what the VA paid for the same drugs – Boston, Massachusetts

Boston, Massachusetts 2021-01-14 13:41:45 - MAccording to a new report, Edica Repertoire D spent more than twice as much prescription drugs as the Department of Veterans Affairs in 2017. This was primarily due to the fact that institutions representing veterans were able to negotiate prices directly with pharmaceutical companies. Specifically, VA paid an average of 54% less than the Medicare program for 399 branded and generic drugs, even after accounting rebates and other price discounts. Of these drugs, VA paid 68% for 203 generics and 49% for 196 branded drugs. Sign up for STAT + to unlock this article and enjoy the first 30 days for free! let's start what is that? STAT + is STAT's premium subscription service for detailed coverage and analysis of biotechnology, pharmaceuticals, policies and life sciences. The award-winning team covers Wall Street news, policy development in Washington, early scientific advances and clinical trials, and the medical turmoil since Silicon Valley. What is included? Daily reports and analysis The most comprehensive industry coverage from a strong team of reporters Subscriber-only newsletter Daily newsletter briefly describing the most important industry news of the day STAT + conversation Weekly opportunities to interact with reporters and industry-leading professionals in live video conversations Exclusive industry event Premium access to subscriber-only networking events nationwide The best reporter in the industry The most trusted and connected newsroom in the healthcare industry And much more Exclusive interviews with industry leaders, profiles, and premium tools such as CRISPR Trackr. jQuery( window ).on( 'load', function() { if ( !window.bgmpGdpr || window.bgmpGdpr.isOptedOut() ) { return; } !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n; n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window, document,'script','https://connect.facebook.net/en_US/fbevents.js'); fbq( 'init', '436331036555416' ); fbq( 'track', 'PageView' ); if ( 'object' === typeof mc4wp && mc4wp.forms ) { mc4wp.forms.on( 'subscribed', function() { // Successful MC4WP newsletter signup AJAX form submission. fbq( 'track', 'Lead' ); } ); } fbq( 'track', 'ViewContent' ); } ); Medicare Part D spent twice what the VA paid for the same drugs Source link Medicare Part D spent twice what the VA paid for the same drugs