Financial Experience: Empowering Patients to Improve Affordability

It is no secret that the price of healthcare has increased over time. In fact, a startling 4 in 10 Americans say they have postponed getting medical care because of cost considerations. Because of the surge in high-deductible health plans, patients now bear a greater share of the financial burden as out-of-pocket expenses have risen by 111% since 2010 and are expected to rise by 10% annually through 2026.  

There is good news, though. Approximately $58 billion in patient funding is currently available, including copay assistance from prescription manufacturers, foundation grants, government plans, free medicine programs, and living expense aid. However, physicians, retail pharmacies, and specialty pharmacies largely underutilize these resources. The main causes of the poor utilization rates are as follows. The scope is first.