What do you pay for your meds in the US? I checked commonly used med prices on @GoodRx. Prices vary a lot!
@Lisa_L_Gill did this analysis a few years ago.
I added @costplusdrugs @mcuban to the list. #CostVR
@Lisa_L_Gill did this analysis a few years ago.
I added @costplusdrugs @mcuban to the list. #CostVR
People may not realize that for some meds in the US, the money you pay as insurance copay/coinsurance may be higher than what you can get paying out of pocket without using insurance.
It's one of the mind boggling things about prescription drug prices.
It's one of the mind boggling things about prescription drug prices.
Not even people in healthcare know.
A friend who works in healthcare commented that after I told him about the way meds are priced, he's now saving $1200 a year on just one medicine.
A friend who works in healthcare commented that after I told him about the way meds are priced, he's now saving $1200 a year on just one medicine.
Why is there such a huge price variation?
It's the difference between list and net price and the effect of middlemen. With vertical integration there's also more monopoly. It's complicated.
Read more here: mayoclinicproceedings.org/article/S0025-…
It's the difference between list and net price and the effect of middlemen. With vertical integration there's also more monopoly. It's complicated.
Read more here: mayoclinicproceedings.org/article/S0025-…
Unfortunately, the most disadvantaged in society— including the ones paying out of pocket are the ones more likely to not be aware of the many ways to get meds at lower cost. They may be spending way more than they need to.
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