Pay Less for Your Prescription Drugs

By Nicole Duritz The dog days of August are the most likely time for Medicare Part D participants to fall into the “doughnut hole” and see their prescription costs rise. With AARP resources, you can see if you’re at risk of falling in, and find options for lowering your drug costs. The Doughnut Hole Each year, 19 percent of Medicare Part D beneficiaries fall into the doughnut hole. Once the amount of money you and your insurance company pay for …

FDA Begins New Testing of Generic-Drug Quality

For decades, doctors, drug companies and the Food and Drug Administration have assured us that low-cost prescription generic drugs – which make up an estimated 80 percent of the prescription medicines we take – work just as well as the costlier brand-name drugs they mimic. Except that a growing number of patient complaints, as well as issues over the quality of generics manufactured abroad, have proven that some of them don’t. And it appears the FDA is finally going to …

How to Cut $200 Billion in Health Care Costs

By Julie Appleby, Kaiser Health News The U.S. spends $200 billion each year – about 8 percent of the nation’s health care tab – on medical care stemming from improper or unnecessary use of prescription drugs, a new report out Wednesday says. Much of those costs result from unneeded hospitalizations or doctor visits, according to the study by the IMS Health’s Institute for Healthcare Informatics, which provides data and other consulting services to the health care industry. Medical costs are driven …