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We have a few things to say about prescription savings.
Article

Healthcare Dollar Breakdown

The amount of money the U.S. spends on healthcare is so mind numbingly large, that AHIP created the “healthcare dollar” image to help us all out. The healthcare dollar takes the whole medical spending budget and puts it into a picture of a dollar bill, separated into sections of costs (see picture below). The breakdown is helpful because it provides a visual of how medical expenses are allocated, simplifying a large and complex system. The picture helps companies like RazorMetrics see how much of the budget can be managed more effectively with the right solutions.

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Article

Drug Shortages Disrupting Care Continuity?

According to a study presented at the 2024 American Society of Clinical Oncology (ASCO) Quality Care Symposium, the cisplatin shortage raised costs for practices within the U.S. Oncology Network by 16% for treating head and neck cancers. The increase was largely driven by the utilization of alternative drugs like cetuximab, whose average administration cost ($2,607) dwarfs that of cisplatin ($18).

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Article

Specialty Drugs are a Major Driver Behind Pharmacy Cost Spikes

The most expensive drugs are “specialty drugs,” but no one has defined exactly what they are. They are generally the drugs that fit into one or more of the following categories: 1. the manufacturer put a high price tag on the drug; 2. the drug treats a complex, chronic, or rare condition; and /or 3. The drug requires special handling, storage, or administration. There is no doubt these types of drugs are in high demand because they deliver life-saving and life-enhancing treatments for many people.

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Article

Medicare Out-of-Pocket Spending Trends for 2025

As we approach 2025, the predictions for Medicare spending are causing panic-level responses. The Inflation Reduction Act (IRA) offered welcome relief to Medicare beneficiaries with the $2000 out-of-pocket cap for covered Part D drugs, but the price of medications did not drop, so Medicare payers are looking for ways to plug the fiscal gaps. Additionally, the IRA isn’t a panacea for high drug costs, and seniors with chronic conditions like asthma, COPD, and diabetes are seeing their costs inflate beyond fixed incomes.

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Article

Pharmacy Deserts Are Growing

Walgreens just announced they are closing 1,200 stores, coming on the heels of similar announcements by other national retain chains. As national pharmacy chains shutter hundreds of stores, a troubling trend is emerging: the creation of pharmacy deserts. These closures, combined with the decline of independent pharmacies, are leaving many communities—especially rural and low-income areas—without access to essential medications and healthcare services. The closures are blamed on declining profits, competitive pressures from online retailers, and regulatory challenges.

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Article

The High Cost of Polypharmacy

Prescription drugs are a crucial part of healthcare, but sometimes, the prescriptions cascade out of balance. About 60% of adults in the U.S. are on at least one maintenance drug, and over 20%  are polypharmacy – taking five or more prescriptions per month.

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