The Rising Cost of Specialty Care Drugs and its Impact on Businesses

L.A. Area Chamber on July 30, 2014 at 12:00:00 am in Health Care Waiting Room 
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Even though the cost of prescription drugs has plummeted for many Americans, a small slice of the population is being asked to shoulder more and more of the cost of expensive treatments for diseases like cancer and hepatitis C. Rare and often more serious diseases requiring specialty drugs can come with breathtaking price tags, according to a report by the IMS Institute for Healthcare Informatics. On average, the monthly price tag for a specialty drug is $2,000, which is 10 times greater than the price tags for non-specialty medication. The high monthly price tags for these drugs (and the long-term treatment that is required for serious diseases) can put severe financial hardships on affected individuals. 

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