Paying More for Your Rx Meds? 7 Ways to Save

Has this happened to you lately? You go to refill one of your regular prescriptions at the pharmacy and the copay has gone up — a lot. That’s a nasty little surprise that’s happened to 1 in 3 Americans in the last 12 months, according to a new Consumer Reports survey of more than 1,000 adults taking prescription meds. Those hit with sticker shock said they paid an average $39 above the usual cost for their prescription, with 1 in …

New Cholesterol Drug Is Effective — And $14,600 a Year

The first in a “revolutionary” new class of injected, cholesterol-lowering drugs has been approved by the Food and Drug Administration (FDA), but its price tag is likely to add to the growing debate over escalating medication costs. The drug, called Praluent, will cost about $14,600 a year — much higher than the $7,000 to $12,000 that some health-plan executives and Wall Street analysts had been expecting, according to the New York Times. It joins a number of new specialty drugs, …

AARP Report Finds Sky-High Drug Prices

Escalating drug prices have been making the news in recent months. In particular, the exorbitant price tags of two brand-name drugs used to treat Hepatitis C — Solvaldi and Harvoni — have ignited intense controversy. I talked with Leigh Purvis, director of health services research, AARP Public Policy Institute, and coauthor of AARP’s Rx Price Watch Report: Trends in Retail Prices of Brand Name Prescription Drugs Widely Used by Older Americans, 2006-2013 about the trend in rising drug prices and what …

Why Are Some Generic-Drug Prices Soaring?

Inexpensive generic drugs have helped millions of Americans save money on brand-name medication, but lately soaring prices on some longtime generics are prompting investigations into this pricing U-turn by pharmaceutical companies. In addition, a a new AARP drug-pricing report shows retail prices for brand-name prescription drugs continue to increase. The debate over some generic price hikes has spurred the Senate Subcommittee on Primary Health and Aging to hold a hearing to review pricing on a dozen generics, and the Department …

CVS Price Error For Medicare Drugs: You May Get A Refund

Nearly 13,000 Medicare Part D beneficiaries will receive reimbursement checks from CVS Caremark, the Federal Trade Commission (FTC) announced Tuesday, as part of a $5 million settlement for overcharging on some drugs for seniors and the disabled. The checks are being sent to customers who overpaid for drugs used to treat epilepsy and breast cancer, among other illnesses, and who were forced into the so-called doughnut hole – in which no drug costs are reimbursed – as a result of …