20 Apr The Daily Caller: A Win For Drug Companies Leaves Taxpayers Holding The Bag
Posted on April 20, 2016
While drug company executives are enjoying rapidly escalating medicine prices, hardworking Americans are watching more and more of their paychecks disappear every month at the pharmacy. There’s a largely unknown program that helps people who fall through the health-insurance and Medicaid cracks to be able to afford their medications. But drug manufacturers want to gut it, leaving taxpayers with the bill.
The fastest growing part of the nation’s health care budget is prescription drugs. They’re eating up $1 of every $5 spent on employer health insurance benefits. Prescription drug spending in the United States was about $457 billion in 2015, or 16.7 percent of overall personal health care services.