out of pocket costs News

Prescription Drug Use Up, Out-of-Pocket Spending Down Under Affordable Care Act: RAND

People who gained health coverage following the implementation of the federal Affordable Care Act’s coverage expansion sharply increased their use of prescription drugs, while their out-of-pocket spending for medications dropped significantly, according to a new RAND Corp. study. Researchers studying …

Study: 43% of Insurers’ Prescription Payments Going to Specialty Drugs

The latest study of medicine prices finds U.S. insurers’ spending on expensive prescription drugs nearly quadrupled from 2003 through 2014, when the number of such prescriptions filled tripled. Spending on expensive “specialty” drugs by commercial insurance plans jumped from 11 …

Out-of-Pocket Hospital Costs Were Rising 6.5% a Year… Before Obamacare

If you have private health insurance, the good news is you may be helping your employer keep its health care spending down. The bad news is it’s coming out of your pocket. The amount that people with private insurance still …

Employees’ Share of Health Insurance Costs Rising

Health insurance costs have been rising at historically low rates over the last several years. Yet it may not feel that way to consumers. While premiums — what companies and workers pay to buy health insurance– have been rising slowly, …

Here’s What’s Happening to Healthcare Costs for Typical Family

The cost of healthcare for a typical American family of four will rise about 6.3 percent this year, or $1,456, driven in great measure by higher prescription drug prices. The latest study by the consulting and actuarial firm Milliman Inc. …

Employers’ Shift to Private Health Exchanges May Cost Employees More

To limit the rising cost of health care, U.S. companies are increasingly turning to private insurance exchanges that let employees shop for plans, according to research from Accenture Plc. About 6 million people got health insurance coverage via such online …

Insurers, Drugmakers Tussle Over Drug Copay Caps

The battle over soaring U.S. drug prices is heading for the states. With the price of some treatments topping $100,000, patient groups are pushing for state laws to make sure insurers cover most of the costs. Their campaign is backed …

Under Pressure, Louisiana Lowers Health Insurance Costs for State Workers

Under pressure from lawmakers and retirees, Gov. Bobby Jindal’s administration announced it will lessen the impact of upcoming changes for the state worker health insurance program. Increases in out-of-pocket costs and deductibles that had been planned for retirees effective March …