Drug prices have risen almost 40% over the last decade, according to a new tracker [CNBC]
GoodRx Holdings, Inc. - Class A (GDRX)
Company Research
Source: CNBC
Though the price increases have slowed this year in comparison with the past decade, the higher costs are raising out-of-pocket expenses for consumers. The average American spends $16.26 out of pocket per prescription, according to the data. “When things increase ... inevitably, they do trickle down to consumers, especially those who are in a high deductible plan or who don't have insurance or find themselves paying substantially out of pocket,” said GoodRx Director of Research Tori Marsh. GoodRx said the patients' share of the cost continues to grow due to rising copays, coinsurances and deductibles. The company found that over the last 10 years, the average person's deductible nearly doubled, and copays are rising as the majority of plans are adding another tier of drugs with higher copays. It's a dynamic GoodRx deems “the big pinch.” High medication costs are coupled with reduced insurance coverage. Analyzing coverage for over 3,700 Medicare Part D plans between 2010 and 202
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GDRX
News
- Michigan Walgreens customers worry about store closures [CBS News]CBS News
- GoodRx Launches New "Prescription Cost Tracker" to Spotlight Key Factors Driving Out-of-Pocket Medication Costs in the U.S. [Yahoo! Finance]Yahoo! Finance
- GoodRx Launches New “Prescription Cost Tracker” to Spotlight Key Factors Driving Out-of-Pocket Medication Costs in the U.S.Business Wire
- Lifshitz Law PLLC Announces Investigations of GoodRx Holdings, Inc. (NASDAQ:GDRX), Doximity, Inc. (NYSE:DOCS), agilon health, inc. (NYSE:AGL), and Sharecare, Inc. (NASDAQ:SHCR)Accesswire
- June 21, 2024 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against GDRXAccesswire
GDRX
Earnings
- 5/9/24 - Beat
GDRX
Sec Filings
- 6/11/24 - Form 4
- 6/11/24 - Form 4
- 6/11/24 - Form SC
- GDRX's page on the SEC website