We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
Accept
  • SKIP TO CONTENT
  • SKIP NAVIGATION
  • Drug News
    • Trending
    • Commercial Operations
    • GMPs
    • FDA Enforcement Actions
    • Inspections and Audits
    • Postmarket Safety
    • Quality
    • Regulatory Affairs
    • Research and Development
    • Submissions and Approvals
    • FDAnews Drug Weekly
    • FDAnews
  • Device News
    • Trending
    • Commercial Operations
    • FDA Enforcement Actions
    • Inspections and Audits
    • Postmarket Safety
    • Quality
    • Regulatory Affairs
    • Research and Development
    • Submissions and Approvals
    • FDAnews Device Weekly
    • FDAnews
  • Books
    • FDAnews Books Library
    • Drug Books
    • Device Books
  • Training/Events
    • Webinar Training Pass
    • Events
    • Webinar Recordings
  • Resources
    • Form 483s Database
    • FDA Approved Drugs
  • CenterWatch
  • About Us
    • The Company
    • FDAnews Editorial Board
    • Contact Us
  • Advertising
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Home » Medicare Saved Billions Over Six Years on Skinny-Labeled Generics

Medicare Saved Billions Over Six Years on Skinny-Labeled Generics

May 6, 2024

“Skinny labeling” on 15 generic drugs saved Medicare an estimated $14.6 billion from 2015-2021, but patent lawsuits may threaten the practice, according to an analysis published in the Annals of Internal Medicine.

During that period, Medicare spending on the 15 generic drugs was about $16.8 billion, Benjamin N. Rome of Brigham and Women’s Hospital, Boston, and colleagues wrote. If these generic drugs had never been introduced, spending on the brand name versions would have topped $31.5 billion.

“Thus, skinny-label generic competition saved Medicare approximately $14.6 billion,” wrote Rome and co-authors.

The team identified 15 brand-name drugs with a first skinny label generic introduced from 2015-2019. Then, using the Medicare Part D Drug Spending Dashboard for 2015-2021, they looked at actual spending on each brand-name drug and the skinny-labeled generic. Finally, they estimated what spending would had been if generic competition had not been introduced.

Read the Annals of Internal Medicine analysis here.

To read the whole story, click here.

Related Topics

Drugs Commercial Operations Regulatory Affairs

    Upcoming Events

    • 07May

      Effective Root Cause Analysis and CAPA Investigations for Drugs, Devices and Clinical Trials

    • 14May

      2024 Avoca Quality Consortium Summit

    • 23May

      Maximizing Trial Success Requires Evolving Feasibility and Recruitment Strategies

    • 30May

      FDA Oversight of Laboratory-Developed Tests — The Impact of the Final Rule

    • 21Oct

      MAGI@home Clinical Research Conference 2024

    Featured Products

    • FDA, FTC and DOJ Enforcement of Medical Device Regulations

      FDA, FTC and DOJ Enforcement of Medical Device Regulations

    • Using Real-World Evidence in Drug and Device Submissions

      Using Real-World Evidence in Drug and Device Submissions

    Featured Stories

    • 300 ‘Junk Patents’ Targeted by FTC With Warning Letters, Including Ozempic

    • FDA Identifies Two Class I Recalls for SonarMed Airway Monitors, One for BioMérieux Test Kits

    • Medicare Saved Billions Over Six Years on Skinny-Labeled Generics

    • AFib History Apple Watch Feature Qualified for Use in Medical Device Development

    The Revised ICH E8: A Guide to New Clinical Trial Requirements

    Learn More
    • Drug Products
      • Quality
      • Regulatory Affairs
      • GMPs
      • Inspections and Audits
      • Postmarket Safety
      • Submissions and Approvals
      • Research and Development
      • Commercial Operations
    • Device Products
      • Quality
      • Regulatory Affairs
      • QSR
      • Inspections and Audits
      • Postmarket Safety
      • Submissions and Approvals
      • Research and Development
      • Commercial Operations
    • Clinical Products
      • Trial Design
      • Data Integrity
      • GCP
      • Inspections and Audits
      • Transparency
    • Privacy Policy
    • Do Not Sell or Share My Data
    Footer Logo

    212 Carnegie Center, Suite 301, Princeton, NJ 08540, USA

    Phone 703.538.7600 – Toll free 888.838.5578

    Copyright © 2024. All Rights Reserved. Design, CMS, Hosting & Web Development :: ePublishing