U.S. prescription drugs, along with other health care costs, have been on the rise for several years. According to a report from AARP in April 2009, the costs of the 219 most widely used brand-name drugs had increased by 8.7% from 2008 to 2009 (roughly a $550 increase in one year), while generic drugs increased 3.8% over the same period of time.
With predictions from the Centers for Medicare and Medicaid Services (CMS) that prescriptions costs are expected to increase to $1,537 per person by 2017 (up from $761 in 2007), it is more important than ever that individuals – and especially seniors on fixed incomes – find ways to save on prescription medicine.
Prescription Saving Options
It may seem that finding affordable ways to pay for medication is next to impossible with prescription RX/coverage costs through health insurance companies on the rise.