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Shrinking drug coverage puts Americans in a medical (and monetary) bind

Insurers are doing a few things that are making medications more expensive for Americans.

Insurers are doing a few things that are making medications more expensive for Americans:

  1. Covering 19% fewer medications. In 2010, the average plan covered 73% of prescribed drugs. In 2024, the average plan covered just 54% of prescribed drugs and 25% of Americans have at least one prescription not covered by insurance, leaving consumers to have to pay for the full cost of their medication.

  2. Restricting more covered drugs. The average number of drugs with restrictions in Part D plans increased by 23%, from 27% of drugs in 2010 to 50% of drugs in 2024. Restrictions include quantity limits, step therapy which requires patients to try a lower-cost drug before accessing a more expensive prescription medication, prior authorization requirements, and refill-too-soon limits.

Patients either “jump through hoops” to get their medications covered, pay for it themselves or delay taking or abandon their medication completely. find out more by reading https://www.usatoday.com/story/money/personalfinance/2024/07/01/shrinking-drug-coverage-insurance-impact/74240289007/

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