When it comes to healthcare in the United States, the cost of prescription drugs is a major concern for many Americans. According to a recent study, almost one in four Americans struggle to afford their medication. But why is this the case? One major factor is the number of Americans who are uninsured. In this blog post, we’ll take a closer look at how being uninsured affects the cost of prescription drugs, and what it means for those who are already struggling to make ends meet.
According to the Kaiser Family Foundation, around 27 million Americans were uninsured in 2019. This means that they do not have access to employer-sponsored health insurance, Medicaid, or Medicare. These individuals are forced to pay for their medications out-of-pocket, which can be incredibly expensive.
For example, a study by the Commonwealth Fund found that uninsured Americans pay, on average, four times more for their prescription drugs than those with insurance. This is because uninsured individuals are not able to take advantage of the negotiating power that insurance companies have with pharmaceutical manufacturers. They also cannot access the discounts and rebates that insurance companies receive.
Furthermore, uninsured individuals are more likely to go without their medication because of the high cost. This can lead to worse health outcomes and even hospitalization. A study by the Urban Institute found that uninsured individuals are more likely to have poor health outcomes and are less likely to receive preventative care.
The high cost of prescription drugs in the US is a complex problem, but one major contributing factor is the number of Americans who are uninsured. These individuals are forced to pay more for their medications, and in many cases, go without them altogether. This is a problem that affects not just the uninsured, but also the healthcare system as a whole.
At ExhaleRx, we understand the importance of affordable access to prescription medications. We believe that every American should have access to the medications they need, regardless of their insurance status. That’s why we’re committed to finding solutions that make prescription drugs more affordable for everyone. To learn more about how we’re working to lower the cost of prescription drugs, visit our website or contact us today.