Fact Checked

Prescription Prices Show No Signs Of Going Down

Prescription Prices Show No Signs Of Going DownThe reaction to the Affordable Care Act has been mixed among healthcare consumers. Likewise, it may be a few years before we can know with great certainty how it will impact the healthcare insurance markets in various states -- thanks to differing policies and other factors.

However, there is one perennial problem that still remains: The cost of prescriptions.

In the run-up to the Affordable Care Act, proponents noted that some prescription drugs had grown in price as much as 300% in as little as five years. Some of the prescription drugs most likely to grow in price are also the most common.

If you take a “maintenance medication” such as medicine for high blood pressure, you might find you are contending with a major cost that continues to rise while your income remains steady or even goes down.

Health Insurance Prescription Drug Benefits May Not Be Enough To Help All Americans

One of the goals of the Affordable Care Act was to drive down the cost of healthcare. This would happen side-by-side with reducing the uninsured in the U.S. to the lowest levels ever.

Early returns suggest that fewer people are uninsured than before. Likewise, the number of uninsured is likely to drop as more states expand Medicaid and other assistance programs.

One of the areas where benefits have been expanded is prescription drugs. However, the benefits may not keep pace with the vastly expanded cost of prescriptions that people have to budget for each and every year.

Generic Drugs Likely To Keep Pace With Brand Names In Price Increases

Generics have long been considered to be an affordable alternative to brand name drugs, having prices that are frequently 30% to 50% less than brand name drugs. However, that trend may soon be coming to an end.

Since 1985, generic drugs have been most likely to decrease in price in any given year. However, that reversed in late 2013. Now, some generic drugs have increased in price as much as 1000% within as little as thirty days.

Generic drugs saved patients more than $1 trillion since 2002, but now they are forced to look at other ways to control costs. Most people who require prescription drugs cannot stop taking them without serious health effects.

A USA Rx pharmacy discount card is an easy and convenient way to help with the costs of prescriptions. With your card, you can obtain substantial discounts on many of the drugs you need.

Published June 24th, 2014 by Stephanie Clegg
Fact Checked by Chris Riley

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