Drug companies are continuing to raise prices with no accountability, causing the price of health care to increase for all.
Higher Drug Prices = Higher Premium Costs
Prescription drugs are the second highest expense incurred by California’s health plans, but drug companies continue to raise prices – with no accountability. With bills continuing to be introduced at the Capitol that will do nothing to reign in high cost prescription drugs, prices will continue to increase, directly effecting health care and premium costs for employers, individuals, and families.
In Just One Year
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Increased prescription drug costs led to a 5.3% increase in health plan premiums between 2018 and 2019.
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More expensive specialty drugs accounted for just 1.5% of all prescriptions but made up 56.1% of health plan drug spending.
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Health plan spending on prescription drugs increased by $600 million from 2018 to 2019.
Stay Informed
Stay up to date on the fight against runaway prescription drug prices.
Mandating copay caps doesn’t stop #BigPharma from raising prices.
Instead, they allow drug companies to charge outrageous amounts while dodging accountability, which increases premium costs for all Californians.
The extreme price of insulin – ranging anywhere from $800 to $1,400 per treatment – is a key reason why many patients are skipping doses and putting their lives at risk.
https://t.co/RHQI65Vn6Y
Did you know that out of control drug prices impact your health care premium cost?
When drug prices explode, health plans cover these increased costs – which in 2019 was more than $600 million. https://t.co/BFkFaNZsax
Nonprofits fighting the deadly opioid crisis can’t get their hands on life-saving meds.
“It’s not because of a lack of supply; there’s actually plenty of naloxone out there. Instead, the dangerous shortage of naloxone is all about soaring prices.”
https://t.co/vvxDknNCGc
