Living with diabetes is a daily struggle for many Americans. Not only does it require regular monitoring and management of blood sugar levels, but it also comes with a high financial burden. According to the American Diabetes Association, the total cost of diabetes in the US is estimated to be $327 billion per year. This includes direct costs such as medications, medical equipment and supplies, as well as indirect costs such as missed work and decreased productivity. Unfortunately, for many uninsured and underinsured individuals, this financial burden is even greater.
For those without insurance or with limited coverage, the cost of diabetes medications can be prohibitively high. A recent study found that uninsured individuals with diabetes pay an average of $9,601 per year for medications, compared to $3,754 for those with insurance. This means that many uninsured individuals are forced to make difficult choices between paying for their medications and other necessities such as rent, food, and utilities.
Additionally, many insurance plans have high deductibles and copays, making it difficult for those with insurance to afford their medications. For example, a patient with a high deductible plan may be responsible for paying thousands of dollars out of pocket before their insurance kicks in. This can make it difficult for patients to afford the medications they need to manage their diabetes.
Furthermore, many insurance plans also have formulary restrictions, which limit the number of medications that are covered. This can be a problem for patients with diabetes, as they may need to try several different medications before finding one that works for them. When these medications are not covered by insurance, patients may be forced to pay full price for them, which can be unaffordable.
The high cost of diabetes medications is a growing concern for many Americans, especially for those without insurance or with limited coverage. At ExhaleRx
, we believe that everyone should have access to the medications they need to manage their diabetes. That's why we offer affordable access to brand-name medications for individuals facing high out-of-pocket costs. By working with local resellers, we aim to make it easier for people to afford the medications they need. To learn more about how we can help, visit our website or contact us today.