Wednesday, September 13, 2017

About that "bending the cost curve down" promise

Turns out, as with pretty much everything ObamaCare, its proponents - get this - lied to us about the cost of meds

"Out-of-pocket costs for specialty drugs under the Affordable Care Act increased 16 percent from 2016 to 2017."

As folks have been learning for some time now, just because plans are required to cover prescriptions, they aren't required to cover all of them. Here's why:

"For a plan to help pay for a drug, the drug must first be included on the health plan's formulary."

We noted this almost a dozen years ago:

"Health insurance is competitive. Most consider it a commodity and compare based on price alone.

Drug formularies are just one way to accomplish this."

La plus ca change...

And since these med's aren't covered, buying them on one's own nickel means that their purchase doesn't count towards the plan's out-of-pocket.

But hey, free birth control convenience items.

[Hat Tip: FoIB Jeff M]
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