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The Drug Affordability Dilemma: Americans Facing Financial Strain Over Prescription Costs

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The latest Patient Experience Survey by PhRMA reveals that many insured Americans struggle with the unpredictability and rising costs of prescription medications. Over half of those insured cannot anticipate their medication expenses, and nearly 40% are facing increasing out-of-pocket costs. The survey also highlights broader concerns about the affordability of healthcare, with many patients reporting difficulties adhering to prescriptions due to financial constraints. Click here for article.

  • Unpredictable Costs: 51% of insured Americans can't anticipate their prescription drug costs, while 38% report rising out-of-pocket expenses.

  • Financial Strain: Nearly half (46%) of patients find their out-of-pocket healthcare costs unaffordable, citing high deductibles, copays, and coinsurance.

  • Adherence Challenges: 1 in 3 patients struggle to afford their medications, leading to skipped doses, delayed treatments, or incomplete prescriptions.

  • Widespread Concerns: Only 28% of Americans believe insurance provides affordable healthcare access, with 52% worried about paying future healthcare costs.

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