cognitive cybersecurity intelligence

News and Analysis

Search

Recent Trends in Medicaid Outpatient Prescription Drug Utilization and Spending

Medicaid prescription drug spending increased by 47% from FY 2017 to FY 2022, rising from $29.8 billion to $43.8 billion, despite drug usage remaining below 2017 levels. Rebates reduced net Medicaid spending to about half, favoring brand over generic drugs. Despite Medicaid enrollment reaching historic levels during the pandemic, prescription drug usage remained low. States continue to take measures to reduce rising prescription drug costs, with over two-thirds implementing new initiatives focused on drug cost containment. However, the potential cancellation of pandemic continuous enrollment provisions could further impact spending and usage trends.

Source: www.kff.org –

Subscribe to newsletter

Subscribe to HEAL Security Dispatch for the latest healthcare cybersecurity news and analysis.

More Posts

Wyoming hospital names CFO

Memorial Hospital of Carbon County in Rawlins, Wyoming, has appointed Margaret Fontana as its new Chief Financial Officer (CFO), effective from the first week of