Industry middlemen driving up prices of generic drug prescriptions as much as 20 percent: research ...Middle East

U.S. consumers are overpaying billions for generic drugs due to the cost being driven up by middle-men in the pharmaceutical industry, according to a report from the University of Southern California (USC). According to the white paper from USC, business practices carried out by pharmacy benefit managers (PBMs) have "inflated" the cost of generic medications. The report cited the rise of generic medications as an American success story, as they allowed more people to access medicines and also enabled the U.S. healthcare system to save money. According to the most recent estimates cited by USC, generic medications are dispensed 97 percent of the time when they are available. However

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