Generic Drugs Should Be Cheap, but Insurers Are Charging Thousands of Dollars for Them
- msevcik1
- Sep 12, 2023
- 1 min read
The cancer drug Gleevec went generic in 2016 and can be bought today for as little as $55 a month. But many patients’ insurance plans are paying more than 100 times that.
CVS Health and Cigna can charge $6,600 a month or more for Gleevec prescriptions, a Wall Street Journal analysis of pricing data found. They are able to do that because they set the prices with pharmacies, which they sometimes own.