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flag The Trump administration pushes biosimilars to cut biologic drug costs, with limited savings so far.

flag Biologic drugs, used to treat serious conditions like cancer and autoimmune diseases, make up just 5% of prescriptions but over half of U.S. drug spending due to complex manufacturing and lengthy 10- to 15-year FDA approval processes. flag The Trump administration is promoting biosimilars—highly similar but not identical versions of biologics—as a way to lower costs, accelerating their approval and securing pricing deals with drugmakers. flag Though biosimilar approval takes five to six years and savings vary by insurance and negotiated rates, some offer discounts of 15% to 35%, with cash prices as low as $550 per month. flag Despite these efforts, widespread cost reductions remain uncertain.

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