If you’re one of the more than 250 million Americans who have health insurance and wonder if you’ve ever overpaid for your prescription medication, because of what are called clawbacks, chances are you have. Researchers at the University of Southern California Schaeffer Center for Health Policy & Economics found that insurance copays are more expensive…
In 2019, approximately 4.38 billion retail prescriptions were filled in the United States. If you have prescription drug coverage through your health insurance plan, you’re responsible for your copays for the prescribed drugs and your insurance carrier covers the rest. Right? The truth is, the amount you pay for a prescription drug if far more…
If you ever stop and take a closer look at prescription costs, you’ll quickly discover one thing: It’s a confusing, overly complicated, hot mess. Get this: Pharmacies can charge different prices for the same exact drug; Insurance carriers are allowed to set their drug prices wherever they want; And the pharmaceutical companies are pretty much…
Once upon a time, as long as you had health insurance, filling a prescription for medication was pretty straightforward and, really, no big deal. You simply presented your insurance card at a pharmacy of your choice and no matter what prescription drugs you were getting, you paid one set price. That’s it—period. Prescription Copays Remember…
