health
Trump administration uses tech to lower your drug costs
Have you ever gotten sticker shock at the pharmacy counter?
TL;DR
- High medication costs are a significant problem, with over 1 in 4 Americans finding it hard to pay for their prescriptions.
- Poor medication adherence leads to deaths and billions in healthcare costs annually.
- The Trump administration introduced a regulation for electronic health records to show estimated drug costs at the time of prescription.
- This "real-time prescription benefit" allows doctors and patients to choose lower-cost, effective medications upfront.
- Industry partners report that patients can save over $100 a month, and those on specialty drugs over $800 a month, by utilizing this technology.
- The administration aims to remove other prescription barriers, like insurance authorization requirements, by making information available upfront.
- The goal is to improve patient care and outcomes by helping physicians prescribe the right medication at the right price.