Providing access to safe, effective and affordable prescriptions

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As prescription drug prices continue to climb, BCBS companies are working to ensure that members get the medication they need at a cost they can afford.

Insurance benefits COVER MORE THAN 98 PERCENT of prescription drug costs for people who need more than $100,000 in medicines per year.

Source: Express Scripts. “Super Spending: U.S. Trends in High-Cost Medication Use.” May 2015.  

The average COST OF GENERIC DRUGS IS 80-85 PERCENT LOWER than the brand-name product.

Source: Food and Drug Administration. “Facts About Generic Drugs.” June 2015.

After insurance coverage, the average out-of-pocket cost for a person who purchases prescription drugs is $12 A MONTH.

Source: The Henry J. Kaiser Family Foundation. “New Analysis Finds Out-of-Pocket Prescription Drug Spending Decreasing on Average, But More People Spending in Excess of $1,000 a Year.” October 2016.

WE SUPPORT FOUR STRATEGIES TO INCREASE COMPETITION AND CONSUMER CHOICE TO MAKE PRESCRIPTIONS MORE AFFORDABLE

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EXPAND CHOICE

Promote greater competition and consumer choice to lower prices.

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PROMOTE TRANSPARENCY

Require drug companies to be transparent when pricing prescription medicines.

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SUPPORT EDUCATION

Provide healthcare professionals with tools to support patient education.

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ENDORSE CHANGE

Make regulatory changes to help patients get the right medicines at the best price.

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Learn more about what we recommend to address prescription drug prices.
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