Why Health Insurance Coverage Will Cost You More in 2015


In 2015, you can bet on the fact that your health insurance coverage will cost you more. One year after the Affordable Care Act was launched both employees and employers are looking at increased costs for their health care plans due to the rising cost of prescription drugs. Whether you are considering drugs used to treat common chronic conditions or specialty drugs, prices are going up, up, up, a trend that has been going on for a number of years. According to Bloomberg, over 73 big-selling drug brands found the price increased in the U.S. by 75% or more since late 2007 for many drug categories.

Commonly Prescribed Drugs

These are the drugs that are prescribed to treat common chronic diseases. They include diabetes drugs, such as Glucophage, Fortamet, and Actos; cholesterol-lowering drugs, such as Lipitor, Crestor, Mevacor, and Zocor; and heart disease medications, such as Accupril, Vasotec, Avapro, and Procan. Why are these drug prices increasing? It is a simple case of increasing demand. More and more people are being diagnosed with these conditions, which means more and more people need these types of medications. With the higher demand, drug companies can charge more.

Specialty Drugs

It seems that drug companies can also charge a mint for specialty medications, medications that are one-of-a-kind treatments for a disease. An example of this is the injectable arthritis medication Humira, which can cost well over $1,200 for a single dose. Gleevec, which is used to treat cancer, costs well over $9,000 per month. The HIV treatment Atripla can cost over $2,000 per month. These specialty drugs may not be prescribed as often, but they have become one of the fastest areas of price increase in prescription drugs.

Effects on You

With the increased cost of medications and the less generous nature of insurance plans under the Affordable Care Act, policyholders are seeing more and more of the cost of their drugs pushed onto them. Higher premiums and a decrease in benefits can also result. If you are in need of a specialty drug, insurance companies may only allow more expensive drug options after you have tried the less expensive options and they haven’t worked. Other potential methods insurance companies use to keep drug costs down include requiring the physician who prescribes the medication to justify the need for it on a medical basis and limiting the number of doses that can be given per prescription.

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How You Can Save Money

You need to be aware of the Affordable Care Act insurance plans, which come in Bronze, Silver, Gold, and Platinum. Many of the less expensive plans will not cover the cost of a visit to a doctor and many plans do not cover the cost of prescription drugs or they require a significant out-of-pocket contribution from the policyholder. As a Christian, you have an alternative called Medi-Share which can reduce your health care costs by 65%. Medi-Share health care is designed based on the Christian values you uphold, allowing Christians enrolled in the plan to pay for each other’s health care costs, and because Medi-Share is a ministry of health care, it is not governed by the guidelines set out in the Affordable Care Act. Learn more about Medi-Share and apply today, if it sounds right for you. Fortunately at www.eDrugSearch.com, we have been working on a solution for over the last seven years that will help American consumers save 50-85% on their medication costs. Visit eDrugSearch.com today to freely use our search-comparison engine to quickly compare your medication costs and instantly save 50%-90% on all your prescription medications, guaranteed.

About Cary Byrd

eDrugSearch founder, Cary Byrd, has been called an “e-health innovator” by MarketIntellNow, interviewed by top pharmaceutical industry journalists, invited to Matthew Holt’s Health 2.0 Conference and a Consumer Report's health summit, and highlighted on numerous health blogs.

Why Health Insurance Coverage Will Cost You More in 2015

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