Medicine is expensive and only seems to get more so every year. But this doesn’t have to be inevitable. The reason patients pay so much is an insurance industry that no longer functions like insurance. Instead of handling catastrophic and unexpected problems, health insurance is the go-to solution for routine healthcare, including predictable pharmaceutical needs. This has disconnected patients from the prices of their medicines and allowed Pharmacy Benefit Managers (PBMs) to profit from drug discounts intended for patients. The result has been higher drug prices as cheaper medicines routinely lose out to expensive name brands.
Read Full Article »
