Indiana Medicaid spends 10.7% of budget on Rxs; a "good investment," ex-Gov. Bayh tells PhRMA.

INDIANA MEDICAID DRUG EXPENDITURE OF 10.7% IS "GOOD INVESTMENT," former Indiana Gov. Evan Bayh (D) told the Pharmaceutical Research & Manufacturers of America annual meeting March 24 in Boca Raton, Fla. "Pharmaceuticals, because we had a very strong belief that they were cost-effective, in fact have increased as a percentage of our state Medicaid expenditures," Bayh said. "We think of that as a sound long-term investment not only in health but in cost-effectiveness."