Broker Check

Wait a Second, How Much Does That Prescription Cost?

| August 12, 2019
Share |

WAIT A SECOND, HOW MUCH DOES THAT PRESCRIPTION COST?

As a father of 3, I have had many trips to the pharmacy. Sometimes I am presently surprised that a prescription is only a couple of dollars. However, more often than not, I am shocked by the price tag - often for just a couple of pills. A friend (who gave me permission to write this) takes an injectable medication that would have a $4,000 co-pay after insurance x 8 times per year = $32,000 had the drug manufacturer not offer a low-copay assistance program of $5 per injection. $40 versus $32,000 -can you imagine? The thing is, major costs like this can come out of nowhere - especially if there is no generic equivalent or payment support program. As this coworker told the pharmacy, “Well, $4000 is a non-starter, do not fill that!” It all worked out, but nonetheless - how many people are forced to make decisions like these?  Food or medicine? Housing or medicine? A comfortable retirement or medicine? A saving account or medicine? There’s a lot of news these days about drug costs. It will be interesting to see what takes place. In the meantime, don’t forget to invest in your own health and wellness - eat right, exercise, and take time out to rejuvenate!

This information is provided for general educational purposes only and is not intended to provide specific advice for any individual.

Seek professional advice before taking any action In regard to your finances.

Share |