5. Shop for adequate health insurance It may seem obvious, but it pays to shop around for health insurance that has prescription coverage for your particular medication. This allows you to pay affordable and subsidized prices at the pharmacy. Discuss options with your employer. ...
"Cost-saving strategies to reduce prescription drug costs may have implications for health status and have been associated with increased emergency room use and hospitalizations," the authors write.
Owing to rising insurance co-pays, even patients who have prescription medication insurance coverage are beginning to experience challenges in this area. This document was created to help patients and their families consider various strategies and programs that exist in 2015 for reducing their out-of...
The demand for prescription drugs as a function of cost-sharing This paper estimates how cost-sharing affects the use of prescription drugs. The data for this analysis are derived from the Rand Health Insurance Experiment (HIE), a randomized controlled trial that randomly assigned participants to ...
the cost of innovation results in high drug prices. Due to the high drug prices, many patients are struggling to afford drug treatments; even some of them cannot afford and end up dying. According to a survey, fourteen percent of patients gave up filling the prescription due to high prices...
The Principal's current annual trend for health and prescription drugs is approximately 15%. Using just that factor and projecting the cost over the next three years, employers will see their total premiums increase more than 50%. Although employers cannot stop premium increases, benefit plan ...
Insurance providers often mail patients an explanation of benefits for processed claims as paper statements delivered by mail rather than through secure electronic delivery to a patient healthcare system. Unlike most insurance medical and prescription policies, reimbursement claims for programs such as U....
The Massachusetts State Senatehas passeda bill that would introduce step therapy reform, restricting a practice that payers commonly use to decrease patient prescription drug spending. “Patients with complicated illnesses should be receiving the medications that their doctors know they need...
In a move that drew cautious responses from oncology groups and patient advocates, President Donald Trump announced a sweeping “blueprint” to lower prescription drug costs, promising to expand access to generic drugs and biosimilars and remove incentives that keep drug prices high. The move include...
Advocacy is also key to reducing financial toxicity. ACS's Cancer Action Network advocates forMedicaid expansionto help currently uninsured individuals access screening and preventive care. To bring down the cost of prescription drugs, ACS CAN has also successfully advocated for "smoothing," a policy...