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HHS Study Finds Medicare Part D Underutilizing Biosimilars

Millions Of Dollars In Potential Savings Have Been Lost

 
• By Chloe Kent

Research from the US HHS has found that millions of dollars could be saved by Medicare by increasing the biosimilar coverage of Part D plans.

Piggy bank by a pile of cash
Medicare could save millions of dollars by better utilizing biosimilars. • Source: Alamy

A report from the US Department of Health and Human Services Office of the Inspector General has found that increasing use of biosimilars would result in “significant spending reduction” for Medicare Part D and its beneficiaries.

The report found that biosimilars were used much less in the Part D setting than their reference products, accounting for...

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