Interactive Savings Map - Find out how much your state saved from generic and biosimilar medicines.

Health Care Savings, State by State

Generic prescription medicines save patients more money with each passing year. In 2019, according to AAM’s Generic Drug & Biosimilars Access & Savings in the U.S. Report (with data provided by IQVIA), savings from generic drugs added up to $313 billion. The 50 states saved on average $6.1 billion savings in 2019, including $1.9 billion in Medicare savings and $950 million in Medicaid savings.

Generic Drug Savings in the U.S. - Interactive Map

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Throughout the COVID-19 pandemic and beyond, safe, effective, FDA-approved generic prescription medicines keep U.S patients healthy and productive. While the world waits for a vaccine, generic drugs (many of which are manufactured domestically) play a significant role in the standard treatment for COVID patients.

These seven states accounted for more than 43% of the nation’s generic savings:

  • California tops the list, with $28.3 billion, including $8.9 billion in Medicare savings and $6 billion in Medicaid savings.
  • New York recorded total savings of $25.6 billion, including $8.6 billion from Medicare and $5.4 billion from Medicaid.
  • Texas recorded total savings of $23.8 billion, including $6.8 billion from Medicare and $2 billion from Medicaid.
  • Florida recorded total savings of $19.1 billion, including $6.9 billion from Medicare and $1.9 billion from Medicaid.
  • Pennsylvania recorded total savings of $14.3 billion, including $4.7 billion from Medicare and $2.3 billion from Medicaid.
  • Ohio recorded total savings of $13 billion, including $3.6 billion from Medicare and $2.8 billion from Medicaid.
  • Illinois recorded total savings of $11.6 billion, including $3.5 billion from Medicare and $8.8 billion from Medicaid.

Three states deserve special mention for high per-capita Medicare and Medicaid savings:

  • Kentucky recorded total savings of $6.5 billion, including $1.9 billion from Medicare and $1.7 billion from Medicaid.
  • West Virginia recorded total savings of $2.7 billion, including $840 million from Medicare and $660 million from Medicaid.
  • Louisiana recorded total savings of $6.6 billion, including $1.9 billion from Medicare and $1.6 billion from Medicaid.

And Maryland, home of Rich Lichty (watch video), saved a total of $5.1 billion, including $1.2 billion from Medicare and $885 million from Medicaid.

Without access to generic medicines, Rich says, I don’t know what I’d do.

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Erica Klinger—Senior Director, Marketing


By Erica Klinger, Senior Director, Marketing
Published on November 25, 2020

 

 

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