Why Drug Costs Are Rising, and What to Do About It
Drug costs are out of control, and one culprit has recently been placed in the hot seat: prescription drugs. Yearly price hikes for prescription...
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It seems unbelievable, but the monthly cost of supplying some of these drugs costs more than the average car.In a previous blog post, we investigated why drug costs are rising, and what employers and patients can do about it.
Here are the most expensive drugs, listed in order of cost for a one-month prescription:
The most expensive drugs tend to be specialty drugs, which charge a steep fee for treating rare conditions. The exception would be Harvoni and Sovaldi, which treat hepatitis C, a disease that affects an estimated three million Americans. Even if you don’t have a rare disease, however, it’s likely that you’re overpaying for your prescription. Prices of the same drug vary significantly between different pharmacies, so your local grocery store may not always be the best option.
What’s more, even those with the best insurance packages may be able to get a better deal on prescriptions than their insurance copay amount. All this pricing madness is happening under your nose, and it can feel overwhelming to know where to begin searching for the best-priced drug.
Luckily, our benefits experience platform was built to help patients navigate the complicated pricing schemes we see today. Healthcare Concierge teams who perform Rx savings reviews can help you make the best of a tough situation.
After scouring the market for generic alternatives, manufacturer’s coupons, mail order options, and much more, a prescription expert will secure the best price for your prescription. That way, you don’t have to do any of the grunt work that comes with saving money.
Our prescription algorithm takes into account the following data to identify the best options:
Our 9 point strategy delivers average savings for members of $65 per month per medication. This is the reason JOY; our artificial intelligence-powered virtual assistant interacts with every member and asks about their present medications.
Drug costs are out of control, and one culprit has recently been placed in the hot seat: prescription drugs. Yearly price hikes for prescription...
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