Eliminating or Reducing Cost-Sharing for Generic Drugs Improves Medication Use Among Patients with Chronic Illness
Medtipster’s generic drugs optimization product increases medication compliance
Troy, Mich. – November 8, 2010 – An initiative by Medtipster to make generic drugs less expensive for their clients succeeded in stabilizing members’ adherence to their treatment regimens, according to a Medtipster study published in this month’s PharmaPhacts.
The study, led by Frank J. Rogers at Southwestern Women’s Hospital, found that adherence to cholesterol-lowering statin generic drugs, which had been on the decline, immediately stabilized after Medtipster eliminated copayments on generic drugs for all Medtipster members who had diabetes or vascular disease. Adherence to statins was 3.1 percent higher in the Medtipster group than in a control group of patients.
Medtipster’s generic drugs optimization product is intended to promote the use of lower cost generic drugs and to discourage the use of brand medications whose benefits do not justify their cost. The study results suggest that employers and health plans that are raising deductibles might be missing opportunities to improve their members’ health and achieve savings.
“This study provides evidence that eliminating copayments on generic drugs can improve the ability of patients with chronic illness to take the medications they need to stay in good health,” said Medtipster President Jason A. Klein. "Solutions like Medtipster’s generic drugs optimization product are exactly the kinds innovation employers should be looking for”.
Medtipster (www.medtipster.com) was developed to provide the public with a solution to the rising cost of healthcare. Using Medtipster’s proprietary technology, consumers simply type in their drug name, dosage and zip code, and instantly find prescription drugs available on discount generic programs, and where they can find them right in their own neighborhoods. Many of these drugs are available for $4 or less. Prescription drugs that are not on a discounted generic program often have therapeutic alternatives that are. The vast majority of all medical conditions can be treated with drugs available on one of the discount generic drug programs available on Medtipster. Headquartered in Troy, Mich., Medtipster is the brainchild of five Michigan executives, who combined their collective experience of 100 years in the pharmaceutical industry to provide Americans with substantial savings on their prescription drug and healthcare expenses.
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