Capital BlueCross Attempts to Bring Affordable Generic Drug Access

Capital BlueCross Attempts to Bring Affordable Generic Drug Access

By Pharma Tech Outlook | Wednesday, February 19, 2020

The Blue plans known for their healthcare affordability, continue to steer the solutions that can develop access and perk up health for the citizens.

FREMONT, CA: Capital BlueCross recently made public a new initiative with the BlueCross BlueShield Association (BCBSA) and other Blue plans around the nation to bring down the price of expensive general medications for families, as well as the individuals.

The Blue plans are mutually contributing $55 million to set up a subsidiary within Civica Rx, a non-profit company, to attain and extend the Abbreviated New Drug Applications (ANDAs) for specific common drugs.

Capital BlueCross is continuously in search of meaningful and innovative strategies that can handle the healthcare affordability and accessibility, both at once. People need to have access to quality healthcare and affordable prescription medications, irrespective of who they are and where they live. In a way, the new collaboration can make sure that the requirements of every individual are prioritized, and the savings are circulated alongside them.

As per a recent report by the U.S. Food and Drug Administration, it showed that drug shortages are an unrelenting problem, even after the collective efforts of the public and private sector, to avoid and tone them down. It additionally reflected that drug shortages might also worsen the health outcomes by leading the way to treatment delays or alterations in treatment routines.

The collaboration has the potential to take the mission forward in order to make quality generic medications reasonably priced by:

• Making sure that the patients and their requirements are given priority, and the cost savings are shared with the consumers

• Endorsing better competition

• Involving every interested pharmacy, employer, retailer, health plan, wholesaler, and other innovators, with the mutual passion for bringing affordable and best-quality medications

The involvement of Capital BlueCross in the collaboration strongly lines up with the longstanding goal of lessening the medical expenses, enhancing the quality of healthcare, and providing a top-of-the-range member experience. Furthermore, the company delivers innovative solutions via a family of expanding businesses to build healthier futures, with lower healthcare expenditure. In addition to that, the Capital Blue health and wellness centers offer in-person service and motivation to help people in achieving their health goals. 

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