Tag: generic drug prices

Generic drug prices and insurance; some drugs cost more when you use your insurance according to a NY Times investigation.

Generic drugs and insurance; some drugs cost more when you use your insurance according to a NY Times investigation. In our very complicated healthcare system, we rely on insurance companies to pay a portion of our bills for us and to negotiate fees. Currently, drug prices continue to escalate due to drug manufacturers price hikes as well as wholesalers and PBM’s (pharmacy benefit managers) such as express scripts. Their business model of rebates and profits are inflationary, confusing and are not necessarily helpful in today’s health environment. The cost of tests such as an MRI are maintained by insurance companies through their negotiated contracts, Read More »