It’s no secret that the cost of prescription drugs is ridiculously high. It seems like pharmaceutical companies are too powerful to take on. AARP has had enough and is going to use its huge membership and the power it has to take on high prescription prices. The organization wants answers as to why Americans are paying so much compared to the rest of the world.
AARP is Taking on High Prescription Prices
No one has enough savings for retirement, and they end up relying on social security to survive. According to the State Director of AARP-NH, Todd Fahey, the average Social Security benefit in NH, is around $1,350 a month. The average older adult takes at least four or five pills a day. It seems impossible to be able to afford those medications and have enough money to live.
The average prescription price has increased by around 57.88 percent between 2012 and 2017. Social Security only increased by 13.2 percent during that same time.
Many people end up rationing their medications to try to save money.
There’s been a massive shift in how insurance works, and most of the time, the price falls on the patient. Even generic drugs are rising.
Doctors and pharmacies are doing their best to help patients by negotiating with drug companies, getting grants, or manufacturer rebates.
AARP has had enough and has started their own program, StopRxGreed.
“AARP has three main goals to our program. We want to be able to explore the importation of drugs from other countries, and we want transparency to know why there has been such a tremendous increase in the cost of the drugs that people need. We need to understand the reasoning that makes these companies feel justified in charging such prices. ” Todd Fahey
The program wants to start with allowing Medicare to negotiate prescription prices.
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