Just like my last post about Medicare-for-all and utilization costs…

 

Foreign travel is an approach one advisor used to control costs for a self-funded client, securing a 6-month supply of medication for a fraction of the cost in the US.  Why are Democrats pushing Medicare-for-All when citizens can source prescription drugs for 70% less in other countries?  We are spending more than 3 times the cost for some prescription drugs.  Why did we win the booby prize of inflated drug prices?  Lawmakers should focus on controlling this cost.

 

According to a recent Kaiser Family Foundation survey, 24% of consumers cannot afford their prescription medications.  Why haven’t lawmakers done anything about prescription drug costs?  High drug prices equal higher profits for pharmaceutical companies and more profits for shareholders.  Prices staying high indicates pharmaceutical companies’ lobbying efforts are paying off.  We need to stop feeding this machine.  It’s unsustainable.  With high deductible health plans (HDHPs), consumers can’t meet their deductibles, after which coinsurance kicks in and drug costs come down.  Manufacturers offer discounts—but these discounts are only a percentage off an already-inflated price.  Really?  Just lower the prices.

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