The biggest drug problem facing America today is that millions of American’s can’t afford their prescription drugs. Democrats and Republicans, the Administration, House, and Senate all agree that the high costs of prescription drugs is a pressing issue, but a lack of consensus on how to resolve the problem continues to put many Americans in jeopardy of not being able to afford critical life saving medications. The average costs of prescription drugs are about $1,200 per person per year, says new analysis from the Washington Post.
“Medications can do wonderful things, from fighting infection to preventing stroke and warding off depression. But medications don’t work if they aren’t taken,” says Howard LeWine, M.D. Chief Medical Editor of Harvard Health Publishing.
Nine in ten Americans are concerned with the rising costs of prescription drug costs due to Covid-19 says a recent Gallup study. Fifty percent of U.S. adults fear bankruptcy due to a major health event, says another study by West Health and Gallup.
Americans are concerned for good reasons, the price of drugs in America are increasing faster than other goods and services. Since 2014, drug prices have increased by 33%, outpacing price increases for any other commodity or service, according to a new GoodRx study.
While prescription drug prices have increased, fewer Americans can afford them. Since 2014, prescription drug prices have far outpaced the growth of wages, and things are getting worse during the COVID-19 pandemic.
Some Key Facts to Take Away:
- Prescription costs have increased by 33% since 2014.
- In January 2020 alone, 639 drugs saw an increase in list price by an average of 6%, but during that same time period, wages only increased by 0.3%.
- Over 58 million Americans have filed for unemployment since March 2020, while in 2019, 54% of U.S. families’ health insurance was tied to employers.
- COVID-19 has drastically affected prices for public transportation, food, paper goods, and cleaning supplies in addition to hourly wages.
The Good News
Safe, affordable drugs are available at savings of 50 to 90 percent from certified and licensed online Canadian pharmacies. Over 2.4 million Americans have been importing prescription drugs from foreign countries for years. Americans are finding $245 average monthly savings on prescription drugs from online Canadian pharmacies. And people who spend more than $300 a month on prescriptions find $648 average monthly savings. You do not need to wait to take advantage of the savings, find a certified online Canadian pharmacy now.