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Fact Checked

Why Are Drugs So Costly And What Can You Do About It?

Why Are Drugs So Costly And What Can You Do About It?Talk to any American about what their biggest expenses are, and the chances are pretty good that eventually you'll find a lot of people who list healthcare at the top of their expense list. The Affordable Care Act – or Obamacare – is working to change that, but a recent study found that most people don't understand the new regulations. That study found points like these:

 

  • 53% of Americans have a negative view of the ACA
  • 63% of Americans don't know where the sponsorship of Obamacare plans come from
  • 37% know that they can choose between private and government plans

 

To make things worse, many people end up with insurance policies that don't fit their needs – and one of the biggest areas of need lies in prescription drug costs.

Today's medications cost more than ever, and citizens of the USA pay more for their drugs than residents of any other country in the world. The cost of drugs is increasing faster than the national inflation, and makes up about 13% of all health care costs in the nation.

That leads to two big question – why are they so expensive, and what can you do about it?

Why Are Drugs So Expensive?

This answer is fairly straightforward if you listen to the data from drug companies. It's true that it costs fairly little to create and manufacture a pill. But the testing, research, and development leading up to that point are where the high costs come into effect. In fact, some drug development costs have reached a staggering 1 billion dollars. As such, drug companies say that they have to charge so much for the medications in order to get their investment back.

 

What Can You Do About It?

That's all well and good, but it doesn't do much to help assuage the budgets of the average American. Figuring out how to afford medication is difficult. You can do things like take out an insurance policy that offers a drug copay, but even then you may be limited in coverage.

Another good option is to use the USA RX Pharmacy Discount Card. Our card provides a discounted price on most medications and is accepted by nearly every pharmacy in the country. By presenting the card to your pharmacist you could receive a steep discount in your drug costs.

You'll want to take other steps as well – things like talking about generic versions of drugs and reviewing your insurance policy, for example. But adding our card to your wallet could help you save a significant amount of money on your drugs.

To get your card, just use our simple to fill out form. You'll be able to get instant access to your card and start using it immediately.

Published September 23rd, 2014 by USA Rx
Fact Checked by Chris Riley

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