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. With the new pricing system, insurers abandoned the traditional arrangement that has patients pay a fixed amount, like $10, $20 or $30 for a prescription, no matter what the drug’s actual cost. Instead, they are charging patients a percentage of the cost of certain high-priced drugs, usually 20 to 33 percent, which can amount to thousands of dollars a month. The system means that the burden of expensive health care can now affect insured people, too. No one knows how many patients are affected, but hundreds of drugs are priced this new way. They are used to treat diseases that may be fairly common, including multiple sclerosis, rheumatoid arthritis, hemophilia, hepatitis C and some cancers. There are no cheaper equivalents for these drugs, so patients are forced to pay the price or do without. Insurers say the new system keeps everyone’s premiums down at a time when some of the most innovative and promising new treatments […]
Thursday, April 17th, 2008
Co-Payments Soar for Drugs With High Prices
Author: GINA KOLATA
Source: The New York Times
Publication Date: 14-Apr-08
Link: Co-Payments Soar for Drugs With High Prices
Source: The New York Times
Publication Date: 14-Apr-08
Link: Co-Payments Soar for Drugs With High Prices
Stephan: This is so blatant and obscene it takes one's breath away. If you have not seen it I encourage you to go to the PBS website, and look at the Frontline program 'Sick Around the World.' It will tell you the truth about the American illness-profit industry, and how it compares with genuine health care systems in other countries.
http://www.pbs.org/wgbh/pages/frontline/sickaroundtheworld/?campaign=pbshomefeatures_2_frontlinebrsickaroundtheworld_2008-04-16