The analysis reveals that the average cost for commercially insured prescriptions decreased from $10.83 to $8.90 from 2015-19. However, cash-paying patients without insurance are spending more, as their average monthly prescription cost increased to $50.78 from $36.77, and their average brand-name drug cost increased to $105.74 from $93.62.
The analysis also noted that 60 percent of all prescriptions with a final cost exceeding $500 are never picked up, compared to a 5 percent abandonment rate for prescriptions with no cost.
More articles on pharmacy:
Politicians should stay out of COVID-19 vaccine approval, health experts warn
Ban distracting music in drug ads, consumers advocates urge FDA
10 hospitals seeking pharmacy leaders