{"id":2048,"date":"2022-05-24T15:07:16","date_gmt":"2022-05-24T20:07:16","guid":{"rendered":"https:\/\/ameriplanstage.wpengine.com\/?p=2048"},"modified":"2022-07-29T15:26:18","modified_gmt":"2022-07-29T20:26:18","slug":"spending-for-prescription-drugs","status":"publish","type":"post","link":"https:\/\/www.ameriplanusa.com\/spending-for-prescription-drugs\/","title":{"rendered":"Out-of-Pocket Spending for Prescription Drugs Is Increasing"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\">Prescription drug use in the U.S. has returned to pre-pandemic levels. While the medication costs have remained flat, the out-of-pocket amount consumers are spending on their medications has increased \u2013 according to an <a href=\"https:\/\/www.iqvia.com\/insights\/the-iqvia-institute\/reports\/the-use-of-medicines-in-the-us-2022\">April 2022 IQVIA report<\/a>.<\/p>\n<p>In fact, there was a reported $4 billion increase in out-of-pocket costs for patients. This cost matched the historically-high amount previously seen in 2018. That trend may continue. <!--more--><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.ameriplanusa.com\/spending-for-prescription-drugs\/#More_Spending_for_Prescriptions_Without_Health_Insurance\" >More Spending for Prescriptions Without Health Insurance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.ameriplanusa.com\/spending-for-prescription-drugs\/#The_Impact_on_Consumers\" >The Impact on Consumers<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.ameriplanusa.com\/spending-for-prescription-drugs\/#Other_Healthcare_Changes_That_Were_the_Result_of_the_Pandemic\" >Other Healthcare Changes That Were the Result of the Pandemic<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.ameriplanusa.com\/spending-for-prescription-drugs\/#How_a_Health_Benefit_Plan_Can_Help\" >How a Health Benefit Plan Can Help<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.ameriplanusa.com\/spending-for-prescription-drugs\/#Concerned_About_Health_Costs_AmeriPlan_Can_Help\" >Concerned About Health Costs? AmeriPlan Can Help!<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"More_Spending_for_Prescriptions_Without_Health_Insurance\"><\/span>More Spending for Prescriptions Without Health Insurance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While opioid prescriptions have fallen due to widespread abuse, more than 250 new drugs are ready to launch within the next five years, contributing over $100 billion in expected new spending. Many new products focus on immunology, oncology, neurology, and next-generation biotherapeutics. These new prescription drugs (and the current products on the market) are expected to reach as much as $20 billion in annual sales by 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Impact_on_Consumers\"><\/span>The Impact on Consumers<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>While the new medications are exciting for many in the medical community, increasing out-of-pocket spending on prescription drugs causes many consumers concerns. A specific part of the population will feel this burden.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-fusion-600 wp-image-2050\" src=\"https:\/\/www.ameriplanusa.com\/wp-content\/uploads\/2022\/05\/medical-news-rising-costs-of-prescription-drugs-in-the-us-600x435.jpeg\" alt=\"prescription drugs cost without insurance\" width=\"600\" height=\"435\" srcset=\"https:\/\/www.ameriplanusa.com\/wp-content\/uploads\/2022\/05\/medical-news-rising-costs-of-prescription-drugs-in-the-us-200x145.jpeg 200w, https:\/\/www.ameriplanusa.com\/wp-content\/uploads\/2022\/05\/medical-news-rising-costs-of-prescription-drugs-in-the-us-300x218.jpeg 300w, https:\/\/www.ameriplanusa.com\/wp-content\/uploads\/2022\/05\/medical-news-rising-costs-of-prescription-drugs-in-the-us-400x290.jpeg 400w, https:\/\/www.ameriplanusa.com\/wp-content\/uploads\/2022\/05\/medical-news-rising-costs-of-prescription-drugs-in-the-us-600x435.jpeg 600w, https:\/\/www.ameriplanusa.com\/wp-content\/uploads\/2022\/05\/medical-news-rising-costs-of-prescription-drugs-in-the-us-768x557.jpeg 768w, https:\/\/www.ameriplanusa.com\/wp-content\/uploads\/2022\/05\/medical-news-rising-costs-of-prescription-drugs-in-the-us-800x580.jpeg 800w, https:\/\/www.ameriplanusa.com\/wp-content\/uploads\/2022\/05\/medical-news-rising-costs-of-prescription-drugs-in-the-us-1024x743.jpeg 1024w, https:\/\/www.ameriplanusa.com\/wp-content\/uploads\/2022\/05\/medical-news-rising-costs-of-prescription-drugs-in-the-us-1200x871.jpeg 1200w, https:\/\/www.ameriplanusa.com\/wp-content\/uploads\/2022\/05\/medical-news-rising-costs-of-prescription-drugs-in-the-us.jpeg 1202w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>The report noted, \u201cDue in part to high costs, an estimated additional 81 million prescriptions were abandoned at the pharmacy, with the abandonment rate over one in three for prescriptions above $75 in out-of-pocket cost, especially for high-cost specialty medicines that treat cancer and immunology.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_Healthcare_Changes_That_Were_the_Result_of_the_Pandemic\"><\/span>Other Healthcare Changes That Were the Result of the Pandemic<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In related news, telehealth visits increased dramatically during the pandemic since many in-person services were shut down or sharply reduced. This was especially true in mental health areas. The report states, \u201c<a href=\"\/telehealth-plus\/\">telehealth visits<\/a> accounted for less than 1% of visits before the pandemic and rose to 15% in April 2020 at the height of pandemic lockdowns.\u201d<\/p>\n<p>Even though patients no longer are required to confer with doctors in this manner, patients and providers have continued to use remote options. This means that the pandemic may have caused a fundamental shift in the ways patients and providers interact.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_a_Health_Benefit_Plan_Can_Help\"><\/span>How a Health Benefit Plan Can Help<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Consider <a href=\"\/discount-health-care-plan\/\">researching health discount plans<\/a> if you have been affected by increased out-of-pocket spending for prescription drugs. Unlike costly medical insurance, a health benefit plan will allow you to receive discounts when paying out-of-pocket for drugs and services.<\/p>\n<p>Additionally, some <a href=\"\/\">health benefit plan companies<\/a> have packages that allow patients to access U.S. board-certified doctors (including pediatricians) by phone seven days a week.\u00a0Now that both doctors and patients are used to this type of medical service, you will see health benefit plans offer this cost-saving option for people without health insurance.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Concerned_About_Health_Costs_AmeriPlan_Can_Help\"><\/span>Concerned About Health Costs? AmeriPlan Can Help!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>AmeriPlan offers three packages for patients concerned about rising out-of-pocket spending for needed <a href=\"\/health-benefit-plan\/\">medical services<\/a>. One option \u2013 the Telehealth Plus Plan \u2013 gives you immediate savings on telehealth visits and prescription drugs (including diabetic supplies!) And if in-office doctor visits are needed, the patient is promised affordable\u00a0pre-negotiated rates.<\/p>\n<p>Learn more about how AmeriPlan can help you reduce your out-of-pocket drug costs by filling out this\u00a0<a href=\"\/contact\/\" target=\"_blank\" rel=\"noopener noreferrer\">contact form on the website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prescription drug use in the U.S. has returned to pre-pandemic levels. While the medication costs have remained flat, the out-of-pocket amount consumers are spending on their medications has increased \u2013 according to an April 2022 IQVIA report. In fact, there was a reported $4 billion increase in out-of-pocket costs for patients. This cost matched the [&hellip;]<\/p>\n","protected":false},"author":20,"featured_media":2049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,48],"tags":[],"class_list":["post-2048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-prescriptions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Out-of-Pocket Spending for Prescription Drugs Is Increasing (2022)<\/title>\n<meta name=\"description\" content=\"This year we&#039;ve seen a $4 billion increase in out-of-pocket spending for prescription drugs for consumers in the US. 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