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The rising cost of Prescription Drugs is leading many American familes to struggle financially. More Expensive in the United States than anywhere else in the world, the rising cost of drugs is outperforming inflation, making it increasingly difficult for Americans to afford medications. In today’s modern healthcare industry, the United States is the only industrialized nation without price controls to keep the cost of prescriptions and drugs reasonable. The average price of brand name pharmaceuticals increased more than 9 percent in the last year; an increasingly alarming rate, and the highest increase in 5 years. This raises out-of-pocket expenses for consumers of prescription drugs, and drives up insurance premiums. As a result of the rising cost of drugs, many people are forced to go without the prescriptions drugs they need, and the trend seems to be getting worse.
Recently, the New York Times reported that the manufacturer of a new cancer drug, called cfolotyn, will be selling this drug for $30,000 a month. Cfolotyn hasn’t yet been proven to extend the lifespan of cancer patients. This scenario is just one of the many; indicative of the crisis of rising prescription drug costs. Saving money on prescriptions is now more important than ever. If you’re trying to hedge the rising cost and save on your prescriptions drugs, you are not alone. There are a few ways to save money on your prescription drugs:
1. Take a Generic Prescription Drug
Switch to a generic medicine. Brand name drugs are three times more expensive than generic drugs, and no more effective. About sixty percent of all prescriptions in the U.S. are generic, so chances are high that you can find a suitable replacement.
2. Get More Prescription Drugs for the Price
Switch to higher dosage pills and split them to save in the wake of the rising cost. There are some medications that cost the same per pill, no matter what the dosage is. Just split a higher dose pill in half and you’ve got two pills for the price of one. However, some pills can’t be split into smaller portions, for example, prescriptions drugs with special coatings or slow release formulas. You should always speak to your doctor first. Prescription drugs come in different doses and only your doctor can determine the appropriate strength for you.
3. Get Prescription Drugs Online
Canadian pharmacies are an increasingly popular resource for safe, convenient, and affordable prescriptions drugs, and more Americans are turning to this method to avoid rising cost of US prescription drugs. Buying from an online Canadian pharmacy allows you to order the same high quality prescription drugs at a very reasonable price. All you need is a valid prescription from a licensed physician. Most online Canadian pharmacies also offer prescription drug refills.
4. Get Prescription Drug Samples
Asking your doctor for free samples of your prescription drugs may not be the best ongoing solution, but it can still save you money. Doctor’s offices are often stocked with samples from pharmaceutical companies. Another option is to write the pharmaceutical company. Often the manufacturer will send coupons or samples to help those that cannot afford their prescription drugs
This can be a great option when you try new medication, or when hitting a particularly rough financial spot. The crisis of prescription drugs rising cost has left many with empty pockets, or worse, without their prescriptions. Drugs are rising in cost without regard to recession, inflation, or increased life expectancy.
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