Health and Insurance Information

Drug Costs Together With Copays

Drug costs inward the U.S. are higher than inward in whatever other industrialized dry ground inward the world. Our cost for an insulin glargine (long acting insulin) pen is $76.80 as well as inward Canada, as well as thus really few miles away, it costs $19.60. The latter cost is reasonable. The sometime cost tin brand the departure betwixt beingness able to afford a life saving drug as well as dying. It is illegal, however, for a U.S. citizen to purchase his or her insulin, or whatever other drug available inward the US, from to a greater extent than or less other country.

Costs of pharmaceuticals inward other countries are ordinarily regulated yesteryear the government. Not as well as thus inward the US. This is due to the lobbying ability of U.S. pharmaceutical companies. Because U.S. citizens pay to a greater extent than for our drugs, nosotros exercise accept before access to newly released products than other countries if nosotros tin afford them. Our deep pockets assist brand novel drug evolution attractive to drug companies. For people whose lives depend on the evolution of a novel drug, this is really important. For the vast bulk of patients, however, high drug costs tin endure at to the lowest degree burdensome as well as oftentimes crushing.

Healthcare costs were a major dependent area inward the most recent upshot of the JAMA (Journal of the American Medical Association.) Pharmaceutical costs were discussed inward a brief article from the Medical Letter on Drugs as well as Therapeutics.

Not all drugs inward the U.S. are expensive, however. Such staples every bit lisinopril for high blood line per unit of measurement area as well as simvastatin for elevated cholesterol cost alone a few dollars per month. When nosotros become to the chemist's shop as well as selection upwards these prescriptions, as well as the chemist's shop submits the claim to our insurance companies, nosotros pay a few dollars every bit a copay as well as become away to a greater extent than oftentimes than non happy. The depression cost nosotros pay, or as well as thus nosotros think, is cheers to the fact that our insurance is helping us out.

Tucked inward the dorsum of the upshot is a letter by 4 wellness policy PhD's (Karen Van Nuys et. al.) from the University of Southern California. They researched overpayments at pharmacies yesteryear patients for drugs whose actual costs to the insurance companies is lower than what the patient pays. That's right. For to a greater extent than or less drugs, mostly the less expensive generic ones, the patient pays the chemist's shop to a greater extent than than the chemist's shop charges the insurance fellowship as well as the insurance fellowship pockets the difference. In to a greater extent than or less of these cases, the contract the insurance fellowship has alongside the chemist prohibits the chemist from telling the patient well-nigh this.

I uncovering this infuriating primarily for the prevarication involved. I know that insurance companies are primarily interested inward making a profit, as well as and thus they do. If they couldn't plough a profit, they would become out of business. That's how it works. But it bothers me that they brand patients believe that they are helping them pay for medication when they aren't. Each patient ordinarily alone loses a few dollars on the prescription for which they are overcharged (except a few on the listing they published, including the nasal spray fluticasone as well as the antibiotic amoxicillin/clavulanate, for which the overpayment was $12 to nearly $20 per prescription), merely the insurance fellowship makes a package on the huge issue of transactions.

Drug costs are crippling to many people, particularly those alongside chronic diseases. Insurance companies should at to the lowest degree endure honest well-nigh their contribution to this problem.


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