How To Save Money On Prescription Drugs

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Almost 10% of healthcare spending in the United States is on prescription drugs, totaling $ 370 billion in 2019. Remarkably, only half of that comes from insurance companies and the government; the rest is paid out of pocket by the patients. On average, each American adult fills 17 prescriptions per year; the number doubles for those 65 and over.

Paying for prescription drugs can place a significant financial burden on patients and families. According to a Georgetown University report, 40% of patients admitted not filling their prescriptions because of the cost or cutting back on food, heat and other necessities so they could afford their medications.

Trying to save money by skipping or taking less than the prescribed amount of medication is a bad idea. Patients have died from rationing to expand their supply of insulin or antiepileptics. There are ways to make a prescription …

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