23 January 2020 - Everyone complains about high drug prices. But hospitals — and now insurers — are trying to lower costs by manufacturing their own generic medications.
A consortium of seven hospital systems and three philanthropies came together to found Civica Rx in the fall of 2018. The non-profit venture works with generic drug companies to manufacture medications that are in short supply or subject to price spikes.
These shortages force hospitals to look for alternative — and at times more expensive — supplies, which can cost them a total of hundreds of millions of dollars a year.