Healthcare costs have skyrocketed and experts say the cost of prescription drugs is one of the culprits. Particularly troubling is the fact that some drug companies have increased prices of some medications for no obvious reason.
After Turing Pharmaceuticals acquired Daraprim, a drug used by AIDS and transplant patients, the company immediately increased the cost 5,456 percent from $13.50 to $750 a pill. Continue reading “How Likely Is Prescription Drug Price Reform?”
Many Republicans believe that, even though the new plan is more oriented to the free market, it doesn’t go far enough to fix the ACA’s problems. While Democrats are concerned that millions of Americans will lose access to healthcare coverage.
The ACA was implemented in 2010 to increase access to healthcare coverage for all Americans. Key provisions included:
- Implementing market reforms
- Establishing health insurance marketplaces
- Expanding Medicaid eligibility for low-income adults
To meet those goals, the federal government mandated that:
- All individuals must purchase insurance or pay a fine
- Insurers offering health coverage must include 10 essential benefits
- Large employers must provide health insurance to full-time workers
Continue reading “What Republican Changes to the ACA Mean to YOU”
…and what you can do about it.
Prescription drug costs rose by 12.6 percent in 2014 and by 10 percent in 2015 — well beyond the U.S. inflation rate. And in some extreme cases, specialty drug costs increased more than 5,000 percent. What can employers do to control these soaring costs?
Continue reading “Why Prescription Drugs Cost So Much”