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Drug Prices

A Look Back at Access! 2023

Each year, we look forward to hosting our members, friends, colleagues and partners for Access!, AAM’s annual meeting. Held in Orlando, Florida, this year’s conference was unique in that we also hosted the 25th Annual Meeting of the International Generic and Biosimilar Medicines Association (IGBA) in the same location, a dual experience that helped to strengthen global cooperation in our shared effort to expand patient access to more affordable generic and biosimilar medicines.

A Fireside Chat with AAM Chair, Christine Baeder and Mark Cuban, Entrepreneur and Cost Plus founder.

Entrepreneur and founder of the Mark Cuban Cost Plus Drug Company, PBC, Mark Cuban, sat down with our new Board Chair Christine Baeder, SVP, COO for US Generics at Teva Pharmaceuticals, to discuss his efforts to reduce #drugprices and increase competition in the drug market. #Access2023 #drugprices #patientaccess

AAM Applauds CMS for Requiring Health Plans to Place Generic Drugs On Generic Tiers

WASHINGTON, DC (January 30, 2023) — The Association for Accessible Medicines (AAM) applauds the Centers for Medicare & Medicaid Services (CMS) for several of the recommended provisions outlined in the proposed Patient Protection and Affordable Care Act, HHS Notice of Benefit and Payment Parameters for 2024. In particular, AAM publicly commends the administration’s efforts to standardize plan choice by requiring generic drugs be placed on “generic” tiers and brand-name drugs on “brand-name” tiers. 

Desi is Back Playing Soccer and Doing "Normal Kid" Stuff

When Desi's swollen ankle began hurting so much that he was unable to run and keep up with his friends, his parents, Jonathan and Susan of Maryland, became concerned. After several doctor visits, a rheumatologist diagnosed Desi with juvenile idiopathic arthritis (JIA), an autoimmune disease. To help manage the symptoms of JIA, Desi receives weekly injections of autoimmune suppressant medicine and daily doses of anti-inflammatory medicines.

Generics and Biosimilars Offer Savings for Patients Fighting Cancer, Heart Disease and Other Conditions

Generic and biosimilar medicines improve access and affordability for the millions of people with illnesses like asthma, arthritis, heart disease, and depression. While we now have effective treatment options to help patients manage their conditions, many brand drugs come with steep price tags. Fortunately, there are more affordable generic and biosimilar treatments that reduce costs for patients and increase access to lifesaving care.

Patients Pay More When Generic Drugs Are Placed On Non-Generic Tiers, Even Though Prices For Generics Are Going Down

Numerous studies agree: Generics provide savings on prescription drugs. And six years into a sustained period of price deflation, many generic prices are lower than ever. But inexplicably, patients are paying more for many generics. Although the Medicare program has rules to safeguard beneficiaries, it has allowed Medicare drug plans to make changes that require patients to pay more for many generic drugs even as the prices of those drugs have fallen.

How to Talk to Voters About the High Cost of Medicines and Ways to Lower Them

A Reference Guide for Lawmakers

With record high inflation, voters are concerned about the rising costs of goods – including life-saving medicines. AAM developed a resource for lawmakers to provide effective communications around the ever-increasing costs of medicines. This guide includes facts about generic and biosimilar medicines, the problems causing the high cost of medicine and solutions to lower drug prices for patients and their families.

Generics & Biosimilars Continue to Reward Patients, Employers and Taxpayers

At a time of rising health care costs, generic and biosimilar medicines continue to generate savings and increase access to care for patients. AAM’s 2022 U.S. Generic & Biosimilar Medicines Savings Report provides new insights across a variety of settings where savings reached greater heights, benefiting patients, consumers, employers, and taxpayers alike.

Here are five key takeaways from this year’s report:

October Can Now Afford to do More to Support Her Mental Health

In 2017, October felt her anxiety and panic attacks developing into something more serious: Her life, work, and relationships seemed meaningless. Realizing she needed help, October, age 26, sought in-hospital treatment in Maryland and was diagnosed with anxiety and chronic depression. She was started on a brand-name antidepressant; but after a change in health insurance coverage, she learned that her out-of-pocket costs for the medicine would be much higher. Her therapist recommended switching to a more affordable generic antidepressant, and she’s been on one ever since.

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