It is estimated that 10 to 15 percent of all health care costs paid by Americans are directly related to prescription drug spending. In fact, members use the pharmacy benefit most frequently — 15 to 18
times annually.
Employers and policymakers are looking for ways to reduce health care costs. Selecting generic drugs is one of the most effective ways to save money.
What are generic drugs?
Generic drugs are cost-effective alternatives that offer the same level of safety and quality as their brand-name equivalents.
They have the same active ingredients, but they cost significantly less — typically 60 to 90 percent less than brand-name drugs.
The Food and Drug Administration (FDA) regulates generic drug manufacturers just as it regulates the makers of brand-name medications.
Why should you encourage your employees to use generics?
Every year, generic drugs save consumers billions of dollars.
By choosing a generic medication, your employees:
- Often save on their prescription copayment
- Get the same quality and effectiveness as that of a brand-name drug
- Help keep medical care more affordable for everyone
How can UPMC Health Plan’s pharmacy program
benefit employers?
Through our consultative approach, we can help employers implement a pharmacy solution that is right for you and your employees. By promoting the use of generic drugs through well-designed benefit plans, you can reduce cost without compromising care.
To find out how our innovative pharmacy solutions can work for you and your employees, contact your account manager or sales representative. You may also contact us by phone or e-mail.
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