Generics account for 32% greater market share since Medicare Part D
Created in the Medicare Modernization Act of 2003, and formally implemented in 2006, a US program aimed at providing affordable prescription drugs to seniors and people living with disabilities has had a dramatic impact, a study shows.
This research, published in the International Journal of Health Economics and Management, looks at the effect of Medicare Part D, in particular on physician prescribing.
The study shows that there has been a 46% increase in the number of generic drugs prescribed or continued for the elderly after the introduction of Part D.
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