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September 2006

Healthcare Industry News

Several new generic medications recently became available in the marketplace. As a part of the standard benefits and procedures, these new generic drug products are automatically added to the formulary, and the brand name versions move to the third tier.

Over 550 generic drugs are on the Formulary, maximizing the member's opportunities to utilize the lowest copay tier. A manufacturer's brand name version of a drug can cost more than
four times the generic version in some cases.

 

 

 

 

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