Most Expensive Prescription Drug In The US
/> Medication prices rose by an average of 57 percent between 2006 and 2014, the Washington Post reports. Prescriptions with no generic substitutes increased by 142 percent in that same time span.
These higher prices are taking a toll on Americans’ wallets and their health. Nearly a quarter of American adults and senior citizens report finding it difficult to pay for their prescription meds, according to a 2019 poll by the Henry J. Kaiser Family Foundation.
In addition, one in ten adults said they didn’t take their medicines as prescribed at some point in the past year due to drug costs. Stopping or altering a prescribed medication schedule can be harmful, even fatal, depending on the prescription; these are the medications you should never stop taking abruptly.
Most people assume health insurance will keep them from paying for expensive drugs out of pocket, but the truth is your prescriptions may not be covered by your insurance.
“Many plans make patients pay full drug costs until they meet their deductible, and other plans require coinsurance—both of which are based on the list price,” Robin Feldman, author of the upcoming book Drugs, Money, and Secret Handshakes, writes in the Washington Post. “Thus, people are forced to pay the full price at various times.”
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