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Excerpt
Generic Script Share and the Price of Brand-Name Drugs: The Role of Consumer Choice. Richard Zeckhauser, January 8, 2009, Paper. "Pharmaceutical expenditures have grown rapidly in recent decades, and now total nearly 10% of health care costs. Generic drug utilization has risen substantially alongside, from 19% of scripts in 1984 to 47% in 2001, thus tempering expenditure growth through significant direct dollar savings. However, generic drugs may lead to indirect savings as well if their use reduces the average price of those brand-name drugs that are still purchased. Prior work..." (May require user account or purchase) Link