Medicare began offering prescription drug coverage (known as Medicare Part D) in 2006. Until then, people on Medicare had to pay out-of-pocket for all their prescription drugs. Since its beginning Medicare Part D has had favorable ratings, with beneficiaries finding it easy to use and understand, and generally affordable. Of course, the skyrocketing cost of prescription drugs is adding a new twist to affordability, and that’s true for both
All around the nation, local, independent pharmacies are closing their doors. This has been happening for some years now, and many of you may have experienced it personally. Independent pharmacies are being squeezed out of business by big chain pharmacies and pharmacy benefit managers, some of which don’t put patient care at the top of their priority list. What’s going on? How does it affect you? Family-owned Dexter Pharmacy closes
According to data from an international health policy survey, in 2016 approximately 45 million Americans reported not filling prescription medications due to concerns regarding the cost. In addition, in 2016 Americans are estimated to have spent $477 billion on retail prescription drugs, accounting for approximately 17% of total personal health expenditures (including physician services, hospital care, and other health-related costs). If the cost of some of your medications has been