Encourage use of generic drugs by waiving co-pay

by on
in Human Resources

To persuade employees to switch from expensive brand-name prescription drugs to generics, some employers are eliminating co-payments for generic drugs. Others are waiving the first two or three months of generic co-pays. Example: The University of Iowa will eliminate generic co-pays next year. Its average cost for generic prescriptions is $19 and its average for brand-name drugs is $69. That $50 difference allows the university to waive the $10 to $25 co-pays on generics and still realize savings. Note: While the cost of brand-name drugs has increased rapidly in the past year, prices for generic drugs have stayed flat, says a new AARP study.

Related Articles...

    No matches

Leave a Comment