How We’re Making Generic Medications More Accessible and More Affordable

Daniel J. Loepp

| 2 min read

Daniel J. Loepp is President and Chief Executive Officer of Blue Cross Blue Shield of Michigan. Mr. Loepp has directed sweeping initiatives and innovations that have led to a historic transformation of BCBSM and health care in Michigan. He played a major role in modernizing the state’s health care delivery system in a process that led to enactment of new laws that transformed BCBSM to become a nonprofit mutual insurance company in January 2014. Mr. Loepp has led BCBSM initiatives to improve health care quality and slow cost increases, saving nearly $1.5 billion through several programs that have garnered national attention and served as models implemented across the country. Under his leadership, Blue Cross Blue Shield of Michigan is helping to revitalize and strengthen Detroit, Grand Rapids and Lansing. In 2011 and 2012, Blue Cross moved 3,000 BCBSM employees into downtown Detroit and the company is one of the largest employers in the city’s Central Business District. In Lansing, BCBSM subsidiary AF Group transformed a long abandoned power plant into a national headquarters. Mr. Loepp has stood by a commitment that BCBSM should be a driving force for good in Michigan’s core cities. It is reflected in BCBSM’s workforce diversity and inclusion efforts, supplier partnerships and community initiatives. In his tenure, BCBSM has been named Corporation of the Year in Finance and Insurance Services nine times by the Michigan Minority Supplier Development Council. The company has also been named one of America’s Top Organizations for Multi-Cultural Business Opportunities by and ranked five consecutive years as one of the top 10 Regional Companies for diversity by DiversityInc magazine, including being ranked No. 1 for consecutive years in 2015 and 2016. Mr. Loepp was honored as a 2016 recipient of the Edward N. McNamara Goodfellow of the Year Award. He was selected as Michiganian of the Year by The Detroit News in 2013. Mr. Loepp joined Blue Cross in 2000. In 2011, 2012 and 2013, he served as board chair of the Blue Cross and Blue Shield Association (BCBSA), an organization that includes all 36 Blue Cross plans and provides health coverage to more than 106 million Americans.

patient and doctor
Everyone should have access to safe, effective prescription medications when they need them at a price that is affordable. Unfortunately, we know that’s not the reality: pharmaceutical companies continue to increase the price of the drugs they manufacture, and there’s often not enough medication to meet demand. This presents a significant challenge for health insurers, as we strive to keep needed medications within reach for our members. Even generic drugs are increasing in price and experiencing shortages – which puts patients’ health at risk. That’s why Blue Cross Blue Shield of Michigan is joining the Blue Cross Blue Shield Association and several Blue Cross plans across the U.S. to partner with Civica Rx to ensure more generic medications are accessible and affordable. Unlike traditional pharmaceutical companies, Civica Rx is a non-profit, non-stock drug company that was formed by three philanthropies and numerous health care organizations that represent over 1,200 hospitals across the country. When it was founded in 2018, Civica Rx first worked to stabilize the price and supply of essential generic medications used in hospitals. Thanks to this groundbreaking new partnership with BCBS companies, Civica Rx will be able to expand their work by focusing on the affordability of generic medications outside of the hospital setting. It’s one of the many ways that BCBS companies are making sure that patients’ needs come first, and that cost savings are passed along to consumers. Our investment also builds on our long-standing efforts to improve the quality, safety and affordability of the care our members receive through partnerships with health care leaders. I’m proud that work can continue through our partnership with Civica Rx. Photo credit: Getty Images

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