Just over a year ago, President Trump and his health secretary, Alex Azar, stood in the Rose Garden at the White House and told the American people they were going to start putting American patients first and lower prescription drug prices. The president announced a bold blueprint that would make good on this promise.
Over the past year, we’ve seen action in every area of the president’s blueprint, which is helping people all across the country afford the drugs they need and save more of their hard-earned money.
Starting in July, for instance, drug companies will be required to include the price of their drugs in TV ads. While insurance can reduce the cost of the drugs you need, it’s important to know that you may owe the price displayed until you hit your deductible, or you may owe a share of the price displayed.
Having this information right in the ads will help you know if the drug you might ask your doctor about is actually affordable. One of the most commonly advertised drugs, which treats a skin condition, has a list price of $3,400 a month, but is covered by only four of 26 Medicare Part D drug plans in New Mexico – which means patients asking their doctor about the drug might owe that price every month.