by PharmacyChecker.com | Oct 10, 2011 | Drug Prices, Medicare Drug Plans
An article published last week in Reuters suggests that Medicare Part D drug plans may be dropping premium prices – an effect of the healthcare reform law which could greatly benefit seniors if they shop around. Reevaluating your Medicare drug plan yearly during the open enrollment period is always a good idea, but this year plan selection could make a big difference.
Although we reported in August that plan premiums will not raise in 2012, Avalere Health, a health policy consulting firm, finds that while 10 of the top Part D plans will lower prices, six plans will raise premiums. However, the good news is that in the larger picture Avalere “projects that average premiums for both prescription drug and Advantage plans will fall 4 percent for 2012.” Because of the 2010 heath reform law, Dan Mendelson, Avalere Health’s CEO, is calling this a “year of change.” He tells Reuters, “It’s a year where patients really need to shop.”
MedicareDrugPlans.com provides ratings and reviews – along with basic plan information such as deductibles and premiums– for consumers to access during their research period. Ratings and comments help Medicare enrollees understand the pros and cons of a plan, and user comments and forum posts give details on what other Americans experienced with their plans.
Open enrollment will be from October 15th – December 7th this year, a change from previous years meant to give Medicare enough time to process all changes and new enrollees, and for consumers to manage their health needs before the busy holiday season.
Tagged with: Avalere Health, deductibles, Drug Prices, Medicare, Medicare Drug Plans, Medicare Part D, medicaredrugplans.com, Open Enrollment, premiums, Reuters, save money
by PharmacyChecker.com | May 12, 2011 | Drug Prices
Last summer we reported on the prohibitive costs of AIDS and H.I.V. drugs in America. Due to high drug prices, plus overcrowded and inefficient AIDS Drug Assistance Programs, individuals suffering from these diseases live in fear, not knowing if they will get the meds they need. Sadly, the problem has gotten worse.
A recent discussion on an AIDS/H.I.V. community web forum is what caught our attention. In that forum’s thread entitled “Links to Stop White House from Blocking Online Pharmacies”, outspoken members have voiced outrage over recent price hikes of critical HIV medications.
As reported by the AIDS and H.I.V. advocacy website and monthly magazine POZ.com, Gilead Sciences, a major manufacturer of AIDS and H.I.V. prescription drugs, has increased prices for its top HIV medications. “Atripla increased by 5.1 percent, and Truvada and Emtriva increased by 7.9 percent.” Comparing prices for these drugs at a local New York bricks and mortar pharmacy to licensed and verified foreign pharmacies, one finds substantial price discrepancies:
Drug Prices for a Three-Month Supply
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Tagged with: AIDS, AIDS Health Foundation, America, Atripla, Change.org, community web forum, Drug Prices, Emtriva, Florida, Gilead Sciences, Governor Rick Scott, H.I.V., Online Pharmacies, petition, Truvada, United States, White House
by Gabriel Levitt, Vice President, PharmacyChecker.com and Margaret Rode, PharmacyChecker.com | Apr 26, 2011 | Drug Prices
A new study published this month finally offers positive news about prescription drugs. Findings from The Use of Medicines in the United States: Review of 2010, by the IMS Institute for Healthcare Informatics, show that 78% of all prescription orders filled are for generic drugs, up from 75% in 2009. Aside from Lipitor, which comes in at number 12, the top 21 most widely used drugs, recorded by filled prescription, are all generic. This is good news because it means that even as brand name prices continue to rise, consumers can still save money on generics.
Consumers need not look past our borders for low priced generic medication since the U.S. usually has the lowest prices. You can find U.S. generic drug prices by comparing prices on www.pharmacychecker.com.
Despite the good news about generic drug utilization, uninsured Americans are too often deprived of access to affordable brand name drugs in the United States where there is no generic alternative. The problem is getting worse, as evidenced by brand name drug price increases of 8.3.% last year and rising numbers of Americans not taking their medication due to cost. Indeed, this is the reason millions of Americans are seeking affordable medication from outside the U.S.
Tagged with: brand name drugs, consumers, Drug Prices, generic, IMS Institute, IMS Institute for Healthcare Informatics, Lipitor, pharmacychecker.com, prescriptions, United States
