Categorized | Colorado News, National News, News

Drug Co-Pays Can Exceed Cost of Drugs Survey Finds

Research reported online in JAMA this week suggests that insurers may set drug co-payments at a level that exceeds the actual cost of the drugs.  The study conducted by the Schaeffer Center for Health Policy and Economics at the University of Southern California found that co-payments for generic drugs exceeded the cost of the medication itself 28 percent of the time.  Brand name drugs exceeded the cost 6 percent of the time, as well.

The study tracked 2013 data comparing what retail pharmacies get paid to fill the prescription and what the customer is charged for the co-payment on that prescription.  The research found that of the 9.5 million claims tracked, 2.2 million involved overpayments.

Read more at Reuters.

Read more in JAMA.

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