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generic drugs news from FierceHealthcare

News

Docs insist on brand-name drugs even when cheaper generics are available

Even though generic prescription drugs may be as effective as brand-name drugs, some physicians continue to prescribe branded drugs out of habit, according to a Washington Post article yesterday. Read more...

Hospitals running out of drugs, seeking medication alternatives

As the drug shortage continues, hospitals are seeking alternative medication and care treatments. In recent years, medications for cancer, cystic fibrosis, and even cardiac arrest have reached an Read more...

Obama's budget delays deep cuts to physician payments

Although President Obama's proposed $3.73 trillion budget for 2012 calls for more than $1 trillion in slashed spending, it protects doctors from steep cuts in their Medicare payments with a two year Read more...

Medicare paid too much for newly available generic drugs

Medicare and its beneficiaries wasted $111 million on generic drugs, according to a report by the Office of the Inspector General. The OIG investigation found that payment amounts were much higher Read more...

New York to offer prescription drug discounts

New York is set to offer prescription drug discount cards for eligible residents. The New York Prescription Saver Cards, which will be available next week, are targeted at residents who are Read more...

Healthcare spending growth slows; White House to target 'pay for delay' pharma deals;

> CMS is projecting that the growth in national healthcare spending will slow in 2009, but will nonetheless continue to grow faster than the economy given the current recession. Article > The Read more...

Retail pharmacies' generic price war draws customers

Generics are generally a high-profit area, but lately retail pharmacies have been pretty aggressive in lowering their generic prices. Each pharmacy is trying to undercut their competitors and draw Read more...

Generics save consumers, insurers $1 billion

Apparently, the worsening economy has an upside: it drove consumer demand for generic treatments up by 5.4 percent. That, combined with the large number of generics entering the market this year and Read more...

Cigna lowers copay on cholesterol drug Lipitor

In recent times, we've been telling you that patients are not only avoiding elective procedures, but sometimes skipping prescribed medications to save money; apparently health insurer Cigna has been Read more...

EU calls out drug companies on anti-competitive practices

The European Union has come out against several drug companies, saying that they were costing billions of dollars by delaying generics from making it to market. Some of the methods of delaying Read more...

Press Releases

Teva to Report Third Quarter 2011 Financial Results on November 2, 2011

JERUSALEM, Israel--(BUSINESS WIRE)-- Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) announced today that it will release its third quarter 2011 financial results on Wednesday, November 2, 2011. Read more >>

Funding Local Government Health Care is Getting Tougher

National Study Tracks Ongoing Efforts to Trim Employee and Retirees Costs LANSING, Mich.--(BUSINESS WIRE)-- About 42 percent of the nations’ cities, counties and townships expect their revenue to Read more >>

2012 Medicare Advantage premiums fall and projected enrollment rises

Open enrollment is earlier this year – October 15 through December 7 WASHINGTON--(BUSINESS WIRE)-- On average, Medicare Advantage premiums will be 4 percent lower in 2012 than in 2011, and plans Read more >>

Coventry Health Care of Georgia Eliminates Tier 1 and Tier 1A Copayments for Remainder of 2011

ATLANTA--(BUSINESS WIRE)-- Coventry Health Care of Georgia, Inc. (Coventry) today announced that beginning August 1, 2011, a new program is being introduced that eliminates copayments for Tier 1 and Read more >>

Consumer Reports Finds HealthWarehouse.com Has Lowest Total Price for Lipitor, Nexium, Plavix, and Singulair

The Company Alleviates Common Customer Service Problems Cited in Consumer Reports' StudyCINCINNATI, April 11, 2011 /PRNewswire/ -- HealthWarehouse.com, Inc. (OTC: HEWA), a leading VIPPS-accredited, Read more >>