Blue Cross and Blue Shield companies are committed to ensuring that people have timely access to safe, effective and affordable cutting-edge prescription medicines when they need them, whether the drugs cost pennies or thousands of dollars.
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% of prescription drug costs for people who need MORE THAN $100,000 in medicine 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% 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.