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Prescription Drug Costs are Ridiculous! - Page 2

post #31 of 40
Thread Starter 
Quote:
Originally Posted by Mom of 4 View Post
Double check with your insurance carrier. The law changed several years ago and now allows children to be carried on their parents policies until age 25 - as long as they don't have insurance available through their own employer.
Hmmm....will have to check into that!!
post #32 of 40
It depends on your state.

For instance, here you are covered until 25 IF you are a full-time student.
post #33 of 40
According to this NY Times article, even those with health insurance may be facing exorbitant prescription drug costs due to a new pricing/co-pay system, Tier 4: http://www.nytimes.com/2008/04/14/us...th&oref=slogin

Quote:
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.
Whatever happened to the sharing of risks principle of insurance?
post #34 of 40
Quote:
Originally Posted by jcat View Post
Whatever happened to the sharing of risks principle of insurance?
Yet another bingo!!

I noticed years ago that insurers were moving from the "shared risk" model to the "shared cost" model. It's scary, especially in the case of very sick patients (who probably are off work and have lost some or all of their income) who need expensive treatment. I don't know how many times it bears repeating, but insurance companies are in business to make a profit, not to alleviate pain and suffering. There's only one way to make a profit in any kind of business: maximize income and minimize outgo. In the case of for-profit health-insurance, minimizing outgo means trying to reduce, or even to avoid, paying benefits; and it also means trying to avoid insuring people who are likely to make claims in excess of premiums. And folks, they're getting away with both of those profit-generating models. And sick people are suffering for it.
post #35 of 40
I take Imitrex for migraines. I purchase a card of 9 tablets each week. My co-pay is $46.10. The price before insurance is $256.99 for 9 tablets!!!! There's NO WAY it can possibly cost Glaxo Smith Kline that much to make those darn tablets!!! Talk about highway robbery!
post #36 of 40
For those who need help covering costs of medication - please check out this site. I know first-hand that there IS help from drug companies. This site lists many and how to apply for help. http://www.needymeds.com/
post #37 of 40
I am thankful that I have benefits here so I only pay $2 for any prescription. I really don't know what people do if they don't have the insurance to cover it..It is quite terrifying to think about with the costs of some life saving prescriptions.
post #38 of 40
Quote:
Originally Posted by Rockcat View Post
For those who need help covering costs of medication - please check out this site. I know first-hand that there IS help from drug companies. This site lists many and how to apply for help. http://www.needymeds.com/
Yup. As I said, my brother got his meds at very low cost directly from the drug companies. The site above is a good one with free information. Do Not pay anyone to get the meds for you. There are some sites that charge to give you the information that is freely available on sites like the above. My brother almost sent $200 to one of those sites until I stopped him. All you have to do is download and fill out a form and send it to the drug company.
post #39 of 40
i have epilepsy and i just got approved for a prescription assistance program for my meds (i dont have insurance, my seizures are so bad right now i cant work and im waiting to see if i get ssi) its thru johnson and johnson. they make the drug since its the only one that works for me. i have to take a really high dosage (2.5X higher than the recommended dosage) i took this med a couple of years ago and quit having seizures and got to go off meds


just in the last 2 yrs this med has gone up $200/mo. the dosage im taking is $788 a month. its freaking rediculous. i dont know how ppl can afford medication. im very lucky since i dont have to pay anything.

i have credit card debt out the wazoo from when i lost my insurance @ 25. i has 9 prescriptions a day back then! i had fabulous credit until then. i used to pay one credit card with the other after that. im 29 now and i dread seeing my credit report now
post #40 of 40
http://www.ncsl.org/programs/health/dependentstatus.htm

Here's info on the new laws for various states. Note the change in COBRA benefits for children who lose coverage under their parents plans.
Remember, once you decline or drop COBRA, you can't get it back under that employer.
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