INSURANCE: Building A Better Health Care System In USA

  As health insurance companies increasingly shift health care costs onto patients through high deductibles and coinsurance,

 more than one third of insured Americans report spending more in out-of-pocket costs than they could afford in the last month.

Building a Better Health Care System: Getting Drug Prices Down for Everyone is an open letter to America’s health insurers from patient advocates and leaders of pharmaceutical companies,

 who are struggling with skyrocketing out-of-pocket drug costs. This letter asks health insurers to renegotiate their contracts with drug makers and do more to help patients get access to their medicines at affordable costs.

 Too often, the rebates and discounts insurance companies receive on prescription drugs don’t get passed on to patients at the pharmacy counter – they get pocketed by insurers,

 hospitals and middlemen.

 This practice is known as “spread,” and it makes medicines more expensive for everyone.

 It also increases prescription drug costs for seniors and people with disabilities on Medicare, who pay an average of $957 a year in out-of-pocket costs for their medicines – that’s even after their coverage has helped lower those costs by an average of about $265 .

at’s unacceptable .

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