What You Don’t Know About Your Â Health Insurance, Could Soon Be Costing You Thousands.
|April 15, 2008 — Posted by Catherine Morgan
Even if you have health insurance, you may see your prescription drug costs rise higher than your monthly mortgage. Yes, you heard me right. You could be paying $20 a month for your prescription medicine today, and hundreds (or even thousands) tomorrow.
This is a story that has been developing for years (thanks to the Bush administration), but for some reason has gotten little to no attention from the media. I wonder if that could have anything to do with all the money the media collects from the pharmaceutical industry in advertising (over 33 billion just in 2004)? Conflict of interest? Even after an article in The New York Times became one of the most emailed stories yesterday, I was only able to find one (25 second) video clip from a major news outlet covering this story.
So, how will this affect you? Here is some of the information you aren’t hearing about until you get to the pharmacy…
This is from an article in The New York Times…
Health insurance companies are rapidly adopting a new pricing system for very expensive drugs, asking patients to pay hundreds and even thousands of dollars for prescriptions for medications that may save their lives or slow the progress of serious diseases.
While the majority of consumers may appreciate lower monthly insurance premiums and co-pays, this industry change has severely affected a limited portion of the population with potentially fatal health issues. For some, the payments structure change has increased prescription costs from $20 to Ã¢â‚¬Å“spend(ing) more for a drug than they pay for their mortgages.Ã¢â‚¬Ã‚ Some of the population impacted by this change is on a fixed or low income, which makes this jump in prices more challenging to handle.
Daily Kos: State of the Nation…
In record numbers insurance companies are refusing to pay for a variety of expensive lifesaving medications.
Patrick from Nuts & Boalts says it best…
Does anyone really think it is a coincidence that patients with conditions like MS, Hemophilia and Hepatitis C also tend to be the patients who *gasp* require more medical services in general? The new pricing scheme is not a way to “curb rising drug costs.” It is a way to discriminate against people with chronic disease, who are not fortunate enough to be in a position to self-advocate.
In January, shortly after Ms. Steinwand renewed her insurance policy with Kaiser Permanente, she went to refill her prescription for Copaxone. She had been insured with Kaiser for 17 years through her husband, a federal employee, and had had no complaints about the coverage.
From Fact-esque: Patients Pay Thousands…
This was almost inevitable with the way the Bush prescription drug plan was written – and sold. He as much as told Big Pharma that they could start charging more and there would be no consequences. So they did.
So, now you know. Even having insurance does not protect you from the healthcare crisis in this country, and we have George Bush to thank for that.
Let me know what you think about this in comments. Could you afford to see the cost of your medications higher than your mortgage? What would you do?