Commonwealth Fund October 1, 2024
Medicare beneficiaries, many of whom live on fixed incomes, look for ways to make the costs of health care more affordable. Prescription drug costs comprise about one-quarter of beneficiaries’ out-of-pocket health care spending each year; most beneficiaries take at least one prescription drug regularly. In 2022, 14 percent of beneficiaries age 65 and older said they skipped a dose or didn’t fill a prescription at the pharmacy because of its costs.
Beneficiaries have options and make trade-offs to lower their costs and afford their prescriptions. One recent option is companies that offer prescription discounts. An increasing number of private, for-profit companies, including GoodRx, Amazon, BlinkRx, and Cost Plus Drugs, offer medication discounts via physical cards or online promotions. But there...
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