Consumers are seeing significant out-of-pocket cost increases across the board — from generics to treat common conditions to newer drug therapies.
Yonkers, NY (PRWEB)
May 16, 2017
A new survey from Consumer Reports Best Buy Drugs shows that twenty-five percent of Americans who regularly take a prescription drug say they now pay more out of pocket than they did 12 months ago for at least one of those medications. In some cases, the price increases are substantial. Americans were left to call their insurance companies, their doctors or ask pharmacists to help with lowering their prices. Some even went online to find discount coupons.
CR’s survey shows that some of the price increases are substantial. Twenty-four percent of regular prescription takers who said they payed more out-of-pocket shelled out $50 or more for a single prescription this year than they did for the same prescription a year ago. Nearly half of regular prescription takers who now pay more out of pocket (47%) said that, year over year, they paid an additional $20 or more for a drug they regularly take. Fifteen percent paid $100 more this year for one of their scripts than they did for the same one in 2016.
“Those are big, burdensome increases for nearly 28 million consumers with very little indication that the problem of rising costs will be solved anytime soon,” said Lisa Gill, deputy editor of Consumer Reports’ prescription drug program, Best Buy Drugs. “Consumers are seeing significant out-of-pocket cost increases across the board – from generics to treat common conditions to newer drug therapies.”
Consumer Reports’ prescription drug program, Best Buy Drugs, evaluates prescription drugs based on a scientific review of safety, efficacy, and cost. In its newly updated guide, Best Drugs for Less, CR…