Most Americans have some form of insurance coverage for drugs.
If a new life-saving drug comes on the market and costs $120,000 a year, most patients are liable for only a small amount. The bulk of the cost gets built into everyone’s health insurance premiums.
I am a classic example. I need a drug for leukemia. If I had to pay the cash price, I would have been dead five years ago.
Americans on the whole have tolerated the rise in insurance premiums. Some of the other first-world nations try harder to keep premiums and deductibles low.
Thanks for the article by David Henderson.
Most Americans have some form of insurance coverage for drugs.
If a new life-saving drug comes on the market and costs $120,000 a year, most patients are liable for only a small amount. The bulk of the cost gets built into everyone’s health insurance premiums.
I am a classic example. I need a drug for leukemia. If I had to pay the cash price, I would have been dead five years ago.
Americans on the whole have tolerated the rise in insurance premiums. Some of the other first-world nations try harder to keep premiums and deductibles low.