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Top Applications for Drug Discounts
Posted: Aug 24, 2022
Top Applications for Drug Discounts
Medication prices are constantly rising in the US. Not only have existing drug prices increased but the launch of new drugs have seen an increase in cost in the last few decades. From 2008 to 2021, drug prices increased almost 11% per year for newly released brand drugs. While during the pandemic alone, the prices of drugs rose 2.5%.
The costs of drugs are rising at a pace quicker than inflation as well as wages. In fact, half of all drugs covered by Medicare have outpaced inflation. While wages have risen 28%, drug prices have risen 35% since 2014. These rises are part of the reason many Americans are currently struggling to make ends meet to pay for their medications.
Nearly one-third of Amerians have reported skipping their medications due to drug costs. So what does this mean for the health of the public?
How drug prices impact health outcomes
Health outcomes can be severely impacted by high drug prices. Not only are Americans not taking medications as recommended in order to save money but they are skipping medically necessary medications due to high drug prices.
With more than half of Americans taking one or more medications this can be quite concerning. Nearly 125,000 Americans die yearly from drug nonadherence. So what can you do to save money on medications?
How to save money on medication
Using eNavvi is an excellent way to save money. eNavvi- unlike other companies - shows exactly which medications are covered by a health insurance plan. eNavvi is a free tool that can be used by any care providers as well as the public.
eNavvi was developed by a group of physicians that understands the complex needs of doctors on a daily basis and helps to save time and money for providers as well as patients. The tool was developed to help with needs such as prior authorizations which also helps to speed up the process of prescribing necessary medication.
Not only does eNavvi show medication costs but also if covered alternatives are available that are more affordable. eNavvi also lists different formulations of medications so that doctors can prescribe a medication that works best for their patients.
At the heart of eNavvi is improving health outcomes for patients. When heading to your doctors, download eNavvi to be able to check with your doctors which medication is best and most affordable for you.
eNavvi is available as an iPhone or Android app. It is also available as a website.
About the Author
Katya Prevallet is passionate about health care and bringing drug price transparency to others so that everyone can find the best and most affordable medications as treatment options.
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