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Lipitor's Generic Price: A Comparison Across Insurance Companies

Atorvastatin, the generic version of Lipitor, is a widely prescribed medication used to treat high cholesterol. With the patent for Lipitor having expired in 2011, generic versions of the medication have become widely available. However, the price of this medication can vary significantly depending on the insurance company and pharmacy.

Price Variations Across Insurance Companies

A study by DrugPatentWatch.com found that the average price of atorvastatin (Lipitor's generic version) varied by as much as 50% across different insurance companies. The study analyzed data from over 100 insurance companies and found that the average price of atorvastatin ranged from $10.44 to $15.64 per 30-day supply.

"The prices of generic drugs can vary significantly depending on the insurance company and pharmacy, and atorvastatin is no exception. Our analysis found that the price of atorvastatin can vary by as much as 50% across different insurance companies." - DrugPatentWatch.com

Factors Affecting Price Variations

Several factors can contribute to the price variations of atorvastatin across insurance companies. These include:

* Tiered copay systems: Many insurance companies have tiered copay systems, where higher-tier medications are subject to higher copays. Atorvastatin may be classified as a higher-tier medication, leading to higher copays for some insurance companies.
* Formulary status: Insurance companies may have different formularies, or lists of approved medications, which can affect the price of atorvastatin. Medications that are not on a formulary may be subject to higher copays or require a prior authorization.
* Pharmacy networks: Insurance companies may have different pharmacy networks, which can affect the price of atorvastatin. Medications dispensed through a preferred pharmacy network may be subject to lower copays than those dispensed through a non-preferred network.

Conclusion

The price of atorvastatin, the generic version of Lipitor, can vary significantly depending on the insurance company and pharmacy. Factors such as tiered copay systems, formulary status, and pharmacy networks can contribute to these price variations. Patients should consult with their insurance company and pharmacist to determine the best option for their specific situation.

Sources:

1. DrugPatentWatch.com. (2020). Atorvastatin (Lipitor) Generic Price Variation Across Insurance Companies. Retrieved from <https://www.drugpatentwatch.com/atorvastatin-generic-price-variation-across-insurance-companies/>