The Senate Health and Welfare Committee of the US state of Louisiana hasvoted to approve plans to restrict the medications available to the state's Medicaid recipients. Currently, they can receive any approved prescription drug, at a cost to the state of about $500 million a year, a bill which is rising around 15%-18% annually.
A new formulary would slow this rate of growth by $60 million a year, but this would not necessarily list only generics, said the bill's sponsor, Tom Schedler. If a branded drug was dearer than a generic version but had discounts and rebates which cut its price to under that of the generic, it should be on the list, he said, adding that patients should get the drugs they need if they cannot tolerate those on the formulary, reports Reuters.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2025 | Headless Content Management with Blaze