Golden Agers

Increase in Generic Drug Use

Seniors are increasingly turning to generic equivalents of prescribed drugs to save costs. New data released by the Centers for Medicare & Medicaid Services (CMS) show that generic-drug utilization exceeds 60 percent in Medicare Part D.

Generics

Keeping costs down is good for seniors and it’s good for the program. For every percentage point increase in generic drug utilization, Part D drug spending falls by by an estimated $12 billion over the 2007 to 2015 period.

Keeping drug costs low helps to keep program costs low which in turn keeps Part D premiums from rising for participants. It will also help prevent seniors from falling into the “donut hole” coverage gap.

The Pharmaceutical Care Management Association believes these data should serve as a reminder to policymakers about the need to expand access to generic drugs. At least 14 name brand drugs commonly used by seniors are expected to be in generic form by 2009.

Pharmaceutical Care Management Association

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More for Less in More States

Wal-Mart has once again expanded its $4 prescription drug progam, making good on its promise to spread the program nationwide. In addition to adding 11 more states to the list, it has also added 17 more prescriptions to the list. That brings the totals to 331 commonly prescribed generic prescriptions drugs available for $4 in 38 states.

WalMart

If you live in Idaho, Kentucky, Maine, Massachusetts, Nebraska, Oklahoma, Rhode Island, South Carolina, Utah, West Virginia, or Washington, you can now take advantage of the $4 pricing at Wal-Mart stores.

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Wal-Mart Additions to $4 Program

Wal-Mart is again expanding its $4 prescription drug program to include 12 more states. The program has been met with enthusiastic response.

Wal-Mart sells a 30 day supply of 314 generic prescription drugs for $4 and offers the program now in 27 states. Wal-Mart says it intends to spread the program nationwide.

The discounts are available at Wal-Mart, Sam’s Club and Neighborhood Market stores in the following states:

* Alabama
* Alaska
* Arkansas
* Arizona
* Delaware
* Florida
* Georgia
* Illinois
* Indiana
* Iowa
* Kansas
* Maryland
* Michigan
* Mississippi
* Missouri
* Nevada
* New Hampshire
* New Jersy
* New Mexico
* New York
* North Carolina
* Ohio
* Oregon
* South Dakota
* Texas
* Vermont
* Virginia

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Wal-Mart Expands $4 Generic Drug Pricing

Wal-Mart has announced plans to expand its $4 generic drug pricing to 14 more states. It first rolled out the $4 generic plan in Florida where it has been very successful.

Drugs

Wal-Mart will sell generic versions of 143 different presciption drugs in Alaska, Arizona, Arkansas, Delaware, Illinois, Indiana, Nevada, New Jersey, New Mexico, New York, North Carolina, Oregon, Texas and Vermont.

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