Pharmacist Jeanie Kim, left,  consults with a customer at a Walgreens pharmacy in Wheeling, Illinois.
Pharmacist Jeanie Kim, left, consults with a customer at a Walgreens pharmacy in Wheeling, Illinois. - 
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There’s a good chance some of the most expensive drugs out there may soon get a bit cheaper.

Under provisions in the Affordable Care Act, it’s now easier to get approval for what are called biosimilar drugs. These are drugs that are similar – get it – to biologic, or biologically derived, medications.

Earlier this week, a panel unanimously recommended that the FDA approve the first biosimilar in the U.S. If these copycat drugs pick up steam, Rand predicts savings could reach billions in short order. 

 

Follow Dan Gorenstein at @dmgorenstein