Tag: generic drug savings

How Generic Drugs Saved the US Healthcare System $482 Billion in 2024

How Generic Drugs Saved the US Healthcare System $482 Billion in 2024
8 July 2026 Shaun Franks

Discover how generic drugs saved the US healthcare system $482 billion in 2024. Explore the data behind generic vs. brand-name spending, the rise of biosimilars, and the challenges threatening future savings.

How Buyers Use Generic Drug Competition to Lower Prescription Prices

How Buyers Use Generic Drug Competition to Lower Prescription Prices
1 January 2026 Shaun Franks

Buyers like Medicare use the threat of generic drug competition to force lower prices on brand-name medications. With multiple generics available, prices can drop by over 90%. This strategy saves billions and reshapes how drugs are priced in the U.S.