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State Remedies For Costly Prescription Drugs.
1National Conference of State Legislatures.
NCSL Legisbrief
|September 11, 2018
Summary
Millions of Americans face high prescription drug costs, with many finding prices unreasonable. Gag clauses can even increase costs for insured patients compared to cash prices.
Area of Science:
- Health Economics
- Pharmaceutical Policy
Background:
- Over 74.7 million Americans use multiple prescription drugs monthly.
- Public perception indicates widespread concern over high prescription drug costs.
Purpose of the Study:
- To highlight the financial burden of prescription medications.
- To examine factors contributing to increased drug costs for consumers.
Main Methods:
- Analysis of prescription drug utilization statistics.
- Review of public opinion polls on drug pricing.
- Examination of pharmaceutical pricing mechanisms, including insurance and gag clauses.
Main Results:
- A significant portion of the US population uses multiple prescription drugs.
- A large majority of Americans perceive prescription drug costs as unreasonable.
- Insurance policies with gag clauses can lead to higher out-of-pocket expenses for patients.
Conclusions:
- Prescription drug affordability remains a critical issue for millions of Americans.
- Pricing strategies and insurance policies can negatively impact patient costs.
- Further investigation into pharmaceutical pricing and policy reform is warranted.
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