Top 5: Causes of Changing Prescription Costs

One of the more common questions that our team receives from our clients is: I just went to the pharmacy, and the cost of my medication nearly doubled from last month; what is going on?

Many factors can play into the cost of a prescription, but over the next few weeks, our team will be looking into what we see as the Top 5 Causes of Changing Prescription Costs. Keep checking in over the next few weeks for articles elaborating on the following causes:

1. How often your prescription plan carrier reviews the pricing of medications

2. Patents on medications and patent extensions

3. The availability of and introduction of generic medications

4. FDA approved uses of prescriptions

5. Manufacturer rebates and the net cost of a prescription to your plan

In the meantime, you can also check out the nice article that Anthem put together explaining some of these causes.