Rising drug costs force a third of Americans to leave prescriptions unfilled: report [Seeking Alpha]
GoodRx Holdings, Inc. - Class A (GDRX)
Company Research
Source: Seeking Alpha
GDRX ) said in a report this week. According to GoodRx's ( GDRX ) latest Prescription Cost Tracker, the list prices of brand-name and generic drugs have surged 37% from 2014 to 2024, far outpacing the rate of inflation. Making matters worse, insurance plans are covering fewer and fewer medications. A separate analysis conducted by GoodRx ( GDRX ) indicate the percentage of drugs covered by Medicare Part D plans has dropped by 19% on average from 2010 to 2024. Its review, based on first-quarter data from 3,700 Medicare Part D plans over the period, found that the share of prescribed drugs covered by those plans reached 54% on average in 2024, down from 73% in 2010. To achieve that coverage, patients must jump through hoops, with restrictions such as prior authorizations imposed on many prescription drugs. According to GDRX, Medicare Part D plans had some form of restriction on 50% of drugs in 2024, up from 27% in 2010. “Many people are experiencing the financial strain of pa
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GDRX
News
- Prescription drug prices have surged almost 40% over the past decade [FOX Business Network]FOX Business Network
- Michigan Walgreens customers worry about store closures [CBS News]CBS News
- Drug prices have risen almost 40% over the last decade, according to a new tracker [CNBC]CNBC
- 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
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