The nonprofit CivicaRx launched in 2018 to combat drug shortages and price spikes in hospitals. As COVID- 19 brings concern about additional drug shortages, the idea of producing more and less costly generic drugs takes on even more urgency. Recently, the Blue Cross Blue Shield Association (BCBS) and 18 of its plans announced a partnership with CivicaRx and its manufacturing partners to produce lower cost generic drugs. The collaboration aims to bring more affordable generics to uncompetitive markets in exchange for aggregated volume and multi-year purchasing commitments.
The goal is also to achieve meaningful savings for individuals and families by early 2022. The partnership is inviting other health plans to join the initiative, opening the door for state public purchasers to participate.
Learn more about this creative partnership and opportunities for states during this webinar, which features:
Trish Riley, NASHP Executive Director
Andy Chasen, Vice President of Federal Policy and Advocacy, Blue Shield of California
Jennifer Spalding, General Counsel and Chief Operating Officer, Civica Rx
https://www.nashp.org/wp-content/uploads/2019/06/NASHP-Logo.png00NASHP Staffhttps://www.nashp.org/wp-content/uploads/2019/06/NASHP-Logo.pngNASHP Staff2020-03-17 12:19:082020-04-16 12:22:52Webinar: BCBS Plans and Civica Rx Partner to Produce Lower-Cost Generic Drugs - Opportunities for States