Send a Tweet
Most Popular Choices
Share on Facebook 47 Share on Twitter 1 Printer Friendly Page More Sharing
General News    H4'ed 3/15/18

Health Insurers Profit from Co-Pays

Quicklink Submitted By   2 comments
Follow Me on Twitter     Message Josh Mitteldorf
Become a Fan
  (53 fans)

We may think that the "co-pay" that we plunk down when buying drugs that are covered by insurance is too large.  Here comes a study that exceeds our worst suspicions: 28% of the time (for generic drugs) the co-pay is actually more than the drug costs, and your insurance company is pocketing the difference.  They get you coming and going.

"12 of the 20 most frequently-prescribed drugs involved overpayment rates above 33%." 

(It doesn't mean you're better off just buying the drug yourself.  Insurance companies negotiate with pharmacies so they get a steep discount.  You as an individual pay the full, inflated retail price set by the drug company.)

What it does mean is that the insurance companies are deceiving you, and making profit in every honest and dishonest way that they think they can get away with.

This study was published in the Journal of the American Medical Assoc, March 14.

Picking your pocket
Picking your pocket
(Image by New York Times)
  Details   DMCA

Read the rest of the story HERE:

Valuable 2   Must Read 1   Supported 1  
Rate It | View Ratings

Josh Mitteldorf Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Josh Mitteldorf, de-platformed senior editor at OpEdNews, blogs on aging at Read how to stay young at
Educated to be an astrophysicist, he has branched out from there (more...)

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

To View Comments or Join the Conversation:

Tell A Friend