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November 30, 2005Coverage of Medicine Co-PaymentsRead more... Schizophrenia Medications
The Wall Street Journal had a good article on how people are getting their co-payments (for partially insurance-covered medicines) covered by non-profit groups that are funded by drug companies. Here is a short excerpt of the article: Ms. Oliva, who earns about $40,000 a year managing a clothing store in Long Beach Island, N.J., pulled out her American Express card that day in September and paid, unsure where she was going to find the money for the next week's supply. Fortunately, the nurse at her doctor's office found help for her from a charity, Patient Services Inc., which picked up her drug co-payments -- $3,800 for a six-week course of treatment. On the negative side, critics contend that "The efforts,... are a short-term fix that doesn't address the underlying problem: the soaring cost of ultra-expensive drugs. They argue that by paying patients' premiums or co-payments, drug companies are shifting most of the price of these medicines to the patients' insurers, who in turn spread the cost onto the other people they cover. More Information: Patient Services, Inc. CommentsPost a comment |
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