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
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.