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Facts About Prescription Drug Prices

prescription drug prices
28 Apr 2017

Facts About Prescription Drug Prices

There are many misconceptions when it comes to prescription drug costs, so we are here to provide you with the facts. The fact is that prescription drug prices are rising steadily year after year with no end in sight. It’s been reported by CBS News that in 2016 drug prices rose by almost 12 percent, which is more than the average 2 percent wage increase. As the standard of living and wages of Americans stagnate, prescription drug prices continue to rise. The true facts about prescription drug costs are a cause for continued concern.

Lowering Prescription Drug Costs

Lawmakers and government officials are proposing future plans to help lower the cost of prescription medication. These plans include allowing Medicare to negotiate directly with drug manufacturers regarding drug pricing. Right now, under Obamacare provisions, it is not allowed and could be harming senior citizens that are dependent on Medicare for their monthly prescriptions.

Another plan is to offer competition by allowing Americans to purchase and use drugs from other countries. Many countries offer identical medication that costs considerably less and can help you save now. However, these are proposed legislative ideas that can take a long time to implement. What can you do now to save money on your prescription drug costs?

Prescription Assistance Programs

You can start saving money on your monthly medication bill by applying to a prescription assistance program. These programs are offered directly by drug manufacturers and will help you save money immediately. We are here to help you in this process as submitting the correct paperwork and build relationships with drug manufacturers is not an easy task. Many people are denied their application if not all pertinent documents are submitted. If you’re interested in saving money on your medication costs, contact Prescription Assistance 123 at 888.344.8915 and let’s begin the process together.