Fact Checked

Drug Prices Slated To Keep Rising In 2017

In spite of several legislative initiatives to stem the rise in drug prices, and President Trump’s promises to lower the cost of prescription drugs for ordinary Americans, projections predict that drug prices will rise by 11.6% in 2017, according to Segal Consulting. Wages, on the other hand, are only expected to rise by 2.5%, which means that the cost of prescriptions will continue to be a problem for many Americans.

Who Is Hardest Hit?

High drug prices especially affect people who live with chronic health conditions like diabetes, high blood pressure, or asthma. These conditions require ongoing medication. In families where several people may be affected by, for example, diabetes, the monthly pharmacy bills can skyrocket. If in addition, your health insurance has poor coverage for prescriptions or a high deductible, it can be a real struggle to find the money for necessary medications, month in and month out.

Skipping Medications Is A Bad Idea

It is estimated that 1 in 10 Americans doesn’t take medications as prescribed, because of the high costs. Skipping medications can be life-threatening, but even if it doesn’t kill you, it can make you lose work or give you other problems, because your disease is not under control. But even if you do take your medication on time, the cost can be a harder pill to swallow than the actual pill for your condition.

Upcoming Health Insurance Changes Add Insecurity

After the upheaval of Obamacare, when the health insurance of many families changed, things were beginning to settle down. Even if people were not always happy with Obamacare, by now, most families had adjusted and were able to budget, based on their new insurance. In 2017, we may likely see yet other changes to the health insurance system, while also getting yet another hike in drug prices.

One Simple Step You Can Take To Protect Your Wallet

Here at USA Rx, our sole mission is to help lower drug costs for you, the consumer. We negotiate better prices from the pharmaceutical companies and pass the discounts on to you. All you have to do is sign up for a USA Rx pharmacy discount card to reap the benefits. It is free and easy to sign up, and there are no hidden costs, nor do we need any medical information from you. Once you have your card, all you have to do is give it to your pharmacist at any of the 60,000 participating pharmacies to start saving on your medications.

Published February 9th, 2017 by Stephanie Clegg
Fact Checked by Chris Riley

What Does Flomax Do?

How Much Does Adderall Cost?

How to Transfer a Prescription

Was this artical helpful?