Listen to many politicians and you will learn that prescription drug costs are out of control, unaffordable, people can’t pay for their meds, they split pills, etc.
Yes, to some extent that’s all true, but in many situations it is not.
Prices referenced are mostly retail prices which nobody actually pays. GoodRx and similar programs greatly lower prices. Some pharmacy chains offer their own similar programs. In addition, all but three states have pharmaceutical assistance programs for moderate to low income people.
I was in a pharmacy recently and a person was picking up medication. The clerk informed her the Rx was not covered by her plan and would cost $695. She was about to walk away and I asked if she used GoodRx – bottom line the cost was instantly lowered to $190.
Legislating caps on drug prices or out of pocket costs that apply to certain segments of the population only shift costs to others.