Pharmacy Benefit Managers Drive Generic Utilization
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PBMs create formularies with preferred generic drug tiers to incentivize use of generics.
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PBMs create formularies with preferred generic drug tiers to incentivize use of generics.
![infog-i3](https://www.pcmanet.org/wp-content/uploads/2020/02/infog-i3.gif)
PBMs create formularies with preferred generic drug tiers to incentivize use of generics.
![infog-i4](https://www.pcmanet.org/wp-content/uploads/2020/02/infog-i4.gif)
PBMs create formularies with preferred generic drug tiers to incentivize use of generics.
What are generic drugs?
A generic drug is the same as a brand-name drug in dosage, safety, effectiveness, strength, stability, and quality, as well as in the way it is taken and should be used.
Average Out-of-Pocket Cost-Sharing
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Generics Save People Money
The steady increase in use of generic drugs in Medicare Part D has helped produce lower than expected costs for taxpayers and beneficiaries.
In Medicaid managed care programs, pharmacy benefit managers employ a strategy of maximizing the use of generic drugs including the higher value generic alternatives, which leads to lower drug costs.
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