Tag: prescription drug costs

How Generic Medications Save Trillions in Healthcare Costs

Generic medications saved $467 billion in the U.S. healthcare system in 2024 alone, with $3.4 trillion saved over the past decade. Discover how generics cut drug costs by up to 90% and why more savings are still possible.

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How Insurance Plans Use Generic Drugs to Lower Prescription Costs

Insurance plans use tiered formularies, step therapy, and generic substitution to cut prescription drug costs. Generics save billions annually-but hidden pricing practices can prevent patients from seeing the full savings.

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