Obamacare, Medicare and Biosimilar Drugs and the Price You Pay.

Medicare Part D beneficiaries will pay more for biosimilar drugs (are similar — but not identical — to the brand-name drug) due to Obamacare.  Why, drug makers are required by law to provide 50 percent discounts for brand-name biologics when Part D beneficiaries reach the coverage gap; the law does not apply to biosimilar drugs.

Why is this important? In a 2014 report from the RAND Corporation, these medicines are expected to cost 10 percent to 30 percent less than brand-name biologics and would lower the United States health care bill by estimated $44 billion in the next several years. Read article here…..

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