1 in 3 Americans Experienced a Prescription Drug Price Hike

Consumer Reports recently released an analysis on consumer healthcare spending trends. Here are some key findings from the report:

·         1 in 3 Americans said they experienced a prescription drug price hike in the past year.

·         47% of those who experienced a price increase did not comply with the Rx to save money.

·         One quarter of those who experienced a drug price increase used their credit card more often.

·         18% of Americans put off a doctor's visit because of cost.

·         8 in 10 doctors said they were concerned about their patients' ability to afford their treatments.

·         25% of patients said they had a conversation with their practitioner about the cost of their treatment.

Source: Consumer Reports, June 21, 2016