MedCity News September 15, 2024
To realize true, sustainable savings in total cost of care, the healthcare system needs to reconsider the support — or lack of support — it provides throughout patients’ medication experiences and the snowball effect that creates on a lifetime of healthcare costs.
When it comes to medication costs, we’re not asking the right questions — or at least, we’re not asking them loudly enough.
Let me explain. Each year, we see medication costs rise. The American Journal of Health-System Pharmacy reported U.S. spending on prescription medications to be $722 billion in 2023, a one-year increase of 14% and a five-year increase of 115%. We see total healthcare costs increase at a similar clip — $4.8 trillion in 2023, representing...
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