Generic-drug-makers retool as patent cliff wanes | HHS touts $5.1B in prescription drug savings | Republicans include Medicare, Social Security cuts in fiscal cliff talks
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December 4, 2012
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Generic-drug-makers retool as patent cliff wanes
Opportunities are drying up for makers of generic drugs as the value of treatments set to lose patent protection and be sold as generics is anticipated to drop by more than half in 2013 to around $17 billion, a Crédit Agricole Securities analysis found. Many makers of generics are trying to adapt through acquisitions, branded products or treatments that are hard to produce. The New York Times (tiered subscription model) (12/3)
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HHS touts $5.1B in prescription drug savings
More than 5.8 million Medicare patients have saved more than $5 billion on prescription drugs since the Affordable Care Act's passage in 2010, HHS Secretary Kathleen Sebelius said. USA Today (12/3), BenefitsPro.com (12/3)
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Legislative & Regulatory News
Republicans include Medicare, Social Security cuts in fiscal cliff talks
House Republicans made a fiscal cliff counteroffer to President Barack Obama worth $2.2 trillion, calling for bringing in $800 billion in additional tax revenue by closing loopholes and deductions, reducing cost-of-living increases for Social Security benefits and raising the eligibility age for Medicare. The proposal is in response to Obama's plan to increase taxes by $1.6 trillion in the next 10 years without subjecting Social Security and Medicare to budget cuts. The Washington Post (tiered subscription model)/The Associated Press (12/4)
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Insurers find new ways to reach new customers
With an estimated 9 million Americans poised to purchase their own health coverage, insurers are exploring new ways to reach customers, including websites, storefronts and partnerships with health care providers. Kaiser Health News (12/3)
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Drug Industry Spotlight
Report: Drugmakers improve R&D productivity, but challenges remain
Drugmakers are taking a targeted, smarter approach to research and development, getting more compounds through the approval process, but nagging commercialization issues remain, according to a Deloitte and Thomson Reuters report. The number of new drug approvals was up by about 30%, according to the annual report, but expected revenue from new drugs was lower. The average cost of developing a new drug hovered around $1.1 billion. Reuters (12/3)
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Opinion, Commentary & Analysis
SmartQuote
It is astonishing what force, purity and wisdom it requires for a human being to keep clear of falsehoods."
-- Margaret Fuller,
American journalist and women's rights activist
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About PCMA
PCMA is the national association representing America's pharmacy benefit managers (PBMs), which administer prescription drug plans for more than 216 million Americans with health coverage provided through Fortune 500 employers, health insurance plans, labor unions, and Medicare Part D. PCMA is dedicated to enhancing the proven tools and techniques pioneered by PBMs that generate savings and access for consumers and payors.

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