PBIRx®
Intelligent Solutions in Pharmacy Benefits
612 Wheelers Farms Road, Milford, CT 06461
(888) 797-2479
Once again
prescription drug costs are making headlines as they continue to put a strain
on our wallets. As reported recently by CNBC, approximately one third of
Americans who rely on prescription medications are still struggling to keep up
with price changes, and as a result, they're cutting back on their spending
elsewhere. Though a $40.00 increase (on average) may not seem like much, it
sure does add up quickly - especially for those who need more than one
prescription.
In addition to
cutting back on recreational activities or worse - cutting back on other things
they need like groceries and food - CNBC explains that some patients are
starting to view their prescriptions differently and "cut corners"
with how they use them. And the result? Certainly a negative one on their
health. In fact, the CNBC article details that Consumer Reports found that
"24 percent of people who had seen higher drug prices in the past 12
months had skipped filling a prescription because of the cost."
Although health
insurance changes have been made due to Obamacare, the out-of-pocket costs are
what is doing it for patients. Brand-name, generic and specialty drugs have all
seen a spike in price, and unfortunately, many of the common medications
utilized are rising the most. "Medications that treat common conditions
including asthma and high blood pressure were at the top of a list of drugs
whose prices have risen in recent years," says CNBC.
Since the need for
prescription medication is certainly going to stick around, it is important for
all providing entities to stay up to date with their pharmacy benefits to
ensure that employees and members have the coverage they need to obtain what
they need. If you're in charge of your entity's pharmacy benefits, give us a
call at (888) 797-2479 or visit www.pbirx.com to learn how we can audit your
plan for accuracy today!
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