Last month, we posted a blog about how many Americans are spending more than $50,000 or even $100,000 a year on medications—more people than ever before. The information included insured Americans and found that insurance covered an average of 97% of prescription costs for those spending at least $50,000. At NeedyMeds, there are many assistance programs for those who are in need. However, even with new laws and regulations there are those stuck in between.
There are patients in America that make too much money to qualify for assistance but still not enough to pay all their medical bills. Patient Assistance Programs (PAPs) and non-profit organizations often have limits to how much income a person or family makes in a year to be eligible for their services. Good jobs and good insurance can still leave patients paying huge amounts for prescribed medications.
Some medications for serious or chronic diseases such as lupus can cost $2500 per dose. Even with insurance that pays 80% of the drug price there is a $450 out-of-pocket payment, which does not include monthly insurance premiums or other medical costs. One hepatitis