Insurers frequently assign copays that are far above the cost of the medication the patient is purchasing, and above the cash price the patient would pay if they were uninsured. What's worse is that money does not go to the pharmacy; instead, the pharmacy is billed after the fact for part of the copay. Their example of a $10 copay for a $2 medication and $8 that is taken back by the insurance is all too real. This is why retail pharmacy has become so unprofitable.
Date_Posted: 2017-03-18 17:11:15
Insurers frequently assign copays that are far above the cost of the medication the patient is purchasing, and above the cash price the patient would pay if they were uninsured. What's worse is that money does not go to the pharmacy; instead, the pharmacy is billed after the fact for part of the copay. Their example of a $10 copay for a $2 medication and $8 that is taken back by the insurance is all too real. This is why retail pharmacy has become so unprofitable.