A new federal report has found that Medicaid is paying the lowest average price for 78 high-use and high-expenditure brand-name and generic drugs. Medicaid’s average net price was $0.62 per unit; Medicare Part D paid an estimate 32% more and the Department of Defense paid 60% more. Medicaid was also found to pay the lowest price for generic drugs. The Department of Defense reimburses retail pharmacies directly for drugs given to beneficiaries; state Medicaid programs reimburse pharmacies and then receive matching federal funds; and Medicare Part D pays pharmacies through plan sponsors.
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