$1.8 billion in Medicare funds spent on drugs whose clinical benefits have yet to be confirmed

A new study found the U.S. federal government spent an estimated $1.8 billion in Medicare funds in 2019 on drugs whose clinical benefits have yet to be confirmed by the FDA. The researchers used Medicare claims data and found that Medicare’s fee-for-service program spent $1.2 billion on 36 of the 50 these drugs in 2019. The out-of-pocket expenses of Medicare beneficiaries for these drugs were $209 million. Continue reading the article here…

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