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How to save on your prescription medication Bankrate 1 hr ago © x-reflexnaja / Getty Images x-reflexnaja / Getty Images
Many people rely on medication to maintain their quality of life, and in some cases, keep them alive. But some un- and underinsured Americans have to choose between taking these necessary medications and being able to afford other expenses. © x-reflexnaja / Getty Images prescription-meds
In fact, 8 percent of adult Americans in 2015 didn't take medicine as prescribed because they could not afford these medications. This percentage doubles for people with diabetes, according to a 2018 study.
Soaring prescription costs
According to a new report from the RAND Corporation, prescription drug prices in the United States are about 2.5 times the cost of the same drug in other countries in the Organisation for Economic Co-operation and Development. Generic medication is slightly cheaper in the United States compared to other countries. Though generic medication accounts for 84 percent of drugs sold in the country, it is only 12 percent of total pharmaceutical drug spending.
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