In 2018 alone, generic prescription medicines saved the U.S. health care system $293 billion — and a whopping $2 trillion in the past 10 years. The availability of safe, effective and affordable generics produces tremendous savings for America’s patients.
Some key figures:
- In 2018, 9 out of every 10 prescriptions in the U.S. were dispensed using generic medicines. However, generics account for only 22% of prescription drug spending.
- 95% of generic prescriptions are filled at $20 or less.
- Over the next 10 years, biosimilar medicines are projected to save the U.S. health care system $54 billion.