Blue Cross Blue Shield of Massachusetts
Greater Use of Generic Drugs Is Saving Millions of Dollars for Blue Cross Blue Shield of Massachusetts and its Members
Published in Health Insurance Week, April 27th, 2008
Blue Cross Blue Shield of Massachusetts members are finding that generic drugs are safe, have a proven track record and are affordable, and as a result, they are using them more often. The use of generic drugs by BCBSMA members increased from 65.8 percent in 2006 to 70.6 percent in 2007. The BCBSMA 2007 generic utilization rate of 70.6 percent was nearly 7 points higher than the 2007 national figure of 63.7 percent achieved by Express Scripts, Inc., a pharmacy benefit manager with millions of members in Massachusetts, including BCBSMA's customers with a pharmacy benefit.
This nearly 5 percent increase from '06 to '07 is good news for BCBSMA accounts and members. Every...
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