Many Americans pay far more than they have to for medicines. Here’s how you can save money.
Part of the problem is that each health plan covers prescriptions using a different formulary and cost-sharing scheme, so consumers often only see what the co-pay is. But this is changing as more people become uninsured or transition to cheaper, high-deductible plans where they must pay directly for drugs. According to a survey by the Center for Studying Health System Change, one in seven people under the age of 65 skip filling prescriptions each year because of the high cost.
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