Listen Now ButtonListen Live Now!

Mailing List ButtonSign up for our Mailing List!

10-01-2016 LSU Pregame

Specialty, generic drug costs drive Medicaid costs up

Local

Specialty, generic drug costs drive Medicaid costs up

JEFFERSON CITY, Mo. (AP) – Increasing costs for drugs in Missouri’s Medicaid program are likely to continue to increase, driven by pricey specialty drugs and the rising cost of generic medications. From fiscal year 2010 to 2014, drug costs for Missouri’s Medicaid program rose 33 percent to $1.16 billion while the number of claims fell […]

Specialty, generic drug costs drive Medicaid costs up

JEFFERSON CITY, Mo. (AP) – Increasing costs for drugs in Missouri’s Medicaid program are likely to continue to increase, driven by pricey specialty drugs and the rising cost of generic medications.

From fiscal year 2010 to 2014, drug costs for Missouri’s Medicaid program rose 33 percent to $1.16 billion while the number of claims fell slightly by less than one-tenth of one percent, according to data provided to The Associated Press.

The Missouri House gave initial approval Thursday to a supplemental budget for this year with costs partly driven by the high cost of providing a new Hepatitis C medication.

But the state’s top Medicaid official Joe Parks says the unpredictability of future specialty drugs and other costs will continue to make budgeting for pharmacy costs difficult.

Share:
  • googleplus
  • linkedin
  • tumblr
  • rss
  • pinterest
  • mail

By News

Error, no group ID set! Check your syntax!