Pharmaceutical companies’ stocks took a hit just after the State of the Union address, when President Trump listed drug pricing as one of his “greatest priorities” this year. Medication prices across the board have been rising sharply, occasionally with consequences from Washington.
We have seen how much prescriptions costs are rising for all of our members. So we have been sending prescriptions savings cards (see above) to members along with their Explanation of Benefits (EOB).
Spending on prescription drugs rose by 5.2 percent in 2015 and is projected to continue
Two of the pharmaceutical industry’s largest producers will merge into one powerhouse drug company in 2016. It’s a move largely, if not exclusively, motivated by tax.
It is no secret medical costs in general are on the rise, but a large portion of this growth can be attributed to the increase in prescription drug prices alone.
Few were privy to the story of how the five largest health insurance providers in the United States planned to whittle their numbers down to only three companies. That is, until announcements of submitted documents for company mergers dominated the industry press.
What many people do not know is that there are various ways to cut the cost of those expensive prescriptions that can sometimes cut into their budget.