Health Care FinanceMedicare - GeneralPart D/Prescription Drugs

Medicare spent more than $1.4 billion on throw-away drugs

According to a report from MedicareAdvantage.com, it found Medicare spent more than $1.4 billion on discarded drugs during 2017 and 2018. The study found most of the medications that went unused were of chemotherapy and cancer-treating drug. Why? Under the system “buy and bill”,  providers and hospitals can purchase single-dose vials of drugs and then bill insurers or patients for them when it gets used; however, the drug must either be administered or thrown away after opening and because there is often a higher dosage in the vial than is appropriate for the patient, some of it can get wasted. Read article here…

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