Colchicine

Generic name

Colchicine

Covered by Medicare

Yes

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Average Annual Cost per Beneficiary

$293.71

Average cost per year*

Average Annual Cost per Dose

$2.87

-30.47%

Average cost per beneficiary*

Manufacturer(s)

  • Ascend Laborato
  • AHP
  • Amneal Pharmace
  • Zydus Pharmaceu
  • Teva USA
  • West-Ward/Hikma
  • Prasco Labs
  • Northstar Rx Ll
  • Par Pharm.
  • Mylan
  • Gsms, Inc.
  • Dr.Reddy'S Lab
  • Mylan Instituti
  • Major Pharmaceu
  • Granules Pharma

What is Colchicine

This medication is used to prevent or treat gout attacks (flares). Usually gout symptoms develop suddenly and involve only one or a few joints. The big toe, knee, or ankle joints are most often affected. Gout is caused by too much uric acid in the blood. When uric acid levels in the blood are too high, the uric acid may form hard crystals in your joints. Colchicine works by decreasing swelling and lessening the build up of uric acid crystals that cause pain in the affected joint(s). This medication is also used to prevent attacks of pain in the abdomen, chest, or joints caused by a certain inherited disease (familial Mediterranean fever). It is thought to work by decreasing your body's production of a certain protein (amyloid A) that builds up in people with familial Mediterranean fever. Colchicine is not a pain medication and should not be used to relieve other causes of pain. NOTE: This is a summary and does NOT have all possible information about this product. This information does not assure that this product is safe, effective, or appropriate for you. This information is not individual medical advice and does not substitute for the advice of your health care professional. Always ask your health care professional for complete information about this product and your specific health needs.

Drug Trends

*Origin of the terms and chart data used within this page: https://data.cms.gov/

Common Questions About Colchicine

Yes, Colchicine is covered by Medicare.

In 2021, the average cost per dose of Colchicine was $2.87.

The average dose of Colchicine received per year is 35,054,884 units

460,409 Medicare beneficiaries received Colchicine in 2021, which was a 0.37% from 2020

There were 1,123,943 claims made by Medicare beneficiaries, which is a 0.38% from 2020

The average spending amount per claim in 2021 was $120.31

The average Medicare spending per beneficiary amount for Colchicine was $293.71

The most expensive manufacturer of Colchicine is Major Pharmaceu

Gsms, Inc. is the least expensive manufacturer with an Average Spending Per Dosage Unit of $0.55

Par Pharm. received $34,492,300.75

The total amount spent on Colchicine by Medicare is $135,225,875.56

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