The price of prescription drugs has skyrocketed, with a growing number of people opting to skip expensive pharmaceuticals.
According to new data from the National Institute on Drug Abuse (NIDA), more than 1.2 million Americans will use more expensive generic drugs, and almost 7.5 million people will have to turn to prescription-only medicines for their primary health care needs.
However, when it comes to buying your medicine, consumers are paying a price.
The average cost of a single-dose prescription of a generic drug is $12.50, according to a report by the American College of Physicians.
The cost of one of the three most expensive generic medications, a generic of Apotex, is $34.30, according the report.
And the price of a non-generic of Apoxa, a cheaper version of a common brand, is just $10.50.
While these are relatively high prices for the generic versions, the NIDA report shows that most of these drugs are not necessarily cheaper than the original generic versions.
Anecdotally, it appears that the generic medications are not always as effective as the original versions.
When it comes time to buy a generic prescription, many people do not realize that the prices they pay are based on the generic version of the drug.
The drug they have purchased may be the brand that contains the drug and the brand name, not the drug itself.
For example, a nonbranded Apoxacin could cost you $12, but the generic Apoxan may cost you less than $8.
These are often times the price differences are just minor, and the differences can easily be seen in the price lists of drugstores.
The NIDA study also showed that the cost of generic versions of a drug are often hidden from consumers.
For instance, a year ago, a study from the American Medical Association showed that almost one-third of all drug prices were calculated based on a generic brand of drug, and that was before the Affordable Care Act passed.
That study showed that drug prices are typically based on generic versions that are cheaper than their original versions and the manufacturers of the generic drugs do not disclose the cost differences.
However the NIDA data show that when it come to the price difference, consumers have to know.
Consumers who have a generic version may pay more than $10 more per day to keep the same generic version.
They also pay a lot more for prescriptions filled over the long-term.
The researchers found that people who are in the cheapest groups of income are also the most likely to miss their doctor’s appointment, according a study published in the Journal of Health Economics.
These low-income people may not be able to afford to pay for the prescription because they do not have enough money in their bank accounts to cover the cost.
When you are in a low-to-middle income, you may be paying as much as $10 extra per day for prescription drugs, according NIDA.
And this can affect the quality of your health care, according Bhattacharya, the director of NIDA’s National Institute of Drug Abuse.
“The NIDA data shows that patients who are low- and middle-income may be having difficulty getting access to their primary care providers,” she said.
The lack of transparency around generic drugs can also make it difficult for people to see the full costs of a prescription, Bhatticharya said.
This can mean patients are unable to understand how much it will cost, or may not know whether they are eligible for a discount, according, Baddacharya.
Consumers should pay attention to the prices of their drugs, BADDACHARIA said.
Consumers have a right to know the actual costs of their medicines, BAIHAN said.
And when it is time to purchase a prescription for a new prescription, consumers should ask the pharmacist for the correct price for the drug that they want.
Consumers are also responsible for getting the right drug at the right time, BASSIADI said.
“It is also important that consumers do not use generic drugs for longer than is necessary,” she added.
“When the doctor or pharmacist is offering a cheaper alternative, they should have the option to switch to a generic.”