The latest Patient Experience Survey by Pharmaceutical Research and Manufacturers of America (PhRMA) revealed that more than half (51%) of Americans with health insurance can’t anticipate what they’ll pay for prescription medications. Meanwhile, 38% of patients reported increasing out-of-pocket costs for these medicines.
“If facing a major medical event or chronic condition, many insured Americans report that their out-of-pocket costs would be expensive or more than they could afford—even with insurance.”
- Only about a quarter of Americans (28%) believe that insurance currently provides everyone with affordable access to health care when it’s needed.
- More than half (52%) worry about their ability to pay for out-of-pocket costs and insurance premiums over the next 12 months.
Takeaway
The PhRMA survey showed that health care costs remain a top concern for workers. Employers should stay informed about the evolving prescription drug market and evaluate how their health care plan design choices might affect their workforce. Contact us today for more resources.
The content of this News Brief is of general interest and is not intended to apply to specific circumstances. It should not be regarded as legal advice and not be relied upon as such. In relation to any particular problem which they may have, readers are advised to seek specific advice. © 2024 Zywave, Inc. All rights reserved.
