Medicare could have saved $3.6 billion in a single year if it had bought generic drugs from Mark Cuban’s online pharmacy, according to a Harvard University report.
In the report published this week in Annals of Internal Medicine, researchers from Brigham’s and Women’s Hospital with the Harvard Medical School made major claims that Medicare wastes money in the way it buys drugs.
Their report estimates the annual Medicare Part D spending on 89 generic drugs is $9.6 billion under the current purchasing model where the government is prohibited from buying drugs directly from manufacturers.
