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Cutting back is not enough to save seniors from rising prescription costs

seniors cutting backIt’s a story told far too often in the Voices Facebook community. Seniors are making difficult choices, often going without medications they need because they cost too much.

A recent federal government report finds that while Medicare recipients are filling fewer prescriptions for brand-name drugs they are spending more overall for prescription medications.

Brand-named prescriptions filled by Medicare Part-D recipients dropped 17 percent from 2011 to 2015, according to a report released by the Health and Human Services inspector general’s office. However, during the same time, the annual costs for beneficiaries rose 40 percent – six times the rate of inflation.

The report emphasized the increased costs of maintenance medications for chronic conditions such as diabetes. Insulin, cholesterol drugs and asthma inhalers accounted for some of the highest total out-of-pocket costs.

These increased costs have a direct impact on the quality of life for Medicare beneficiaries, Ann Maxwell, assistant inspector general, said in an interview with the Associated Press.

We hear about this often from Voices community members who bravely share their stories. They help to raise awareness about this important issue.

Now it’s your turn.

Tell us how increased prescription drug costs have affected you. Share your story with Voices today.