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Medicare prescription plans may take longer to cover new generic drugs

from Drug Topics

Fewer than half of the first generics approved by the FDA since 2016 are commercially available to patients. According to a research report from the Association for Accessible Medicines (AAM), a lobbying group for the generic-drug industry, Medicare prescription plans take longer to cover new generic drugs than private plans. The AAM found that only 22% of generic drugs are covered by Medicare plans in their first year on the market; however, 46% of new generic drugs are covered by commercial drug plans. more


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