Prescriptions prove most expensive for cash-paying patients

In the last five years, insured Americans have been paying lower out-of-pocket costs for their prescriptions, but patients paying with cash are spending noticeably more, according to new analysis from the IQVIA Institute for Human Data Science.

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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.

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