prescription drug co-pays

16 May: Just how insured ARE you? Prescription drug co-pays are on the rise

Jo Hartley reports: “Health insurance companies are currently revising their pricing systems for very expensive drugs and they are now requiring patients to pay hundreds and sometimes thousands of dollars for prescriptions for drugs that may save their lives or slow the progress of serious diseases. “With the new pricing system, insurers have now abandoned the traditional arrangement in which patients pay a fixed amount for a prescription regardless of what the drug’s actual cost. Instead, now they are charging patients a percentage of the cost of certain high-priced drugs. This percentage is usually 20 to 33 percent and obviously this can amount to thousands of dollars a month for some patients.” Hartley continues: “It is not known how many…