Phenergan with dextromethorphan cost more than twice as much (or less than double). We concluded that the cost of these medications varies tremendously, depending on location and even the medications themselves.
Although in 2012 the average cost of prescription drugs in the US was $9,680, we found that in the past decade average cost for brand-name pain medications has more than tripled to $23,890. (For more news on the cost of medications, read Top 10 Colds.)
Drugs like Cymbalta, which are often prescribed for schizophrenia, cost more than twice as much others. a result, many patients find it difficult to afford their medications. In some states, the medications can cost more than $100,000 per year.
Some medications available in the US can be extremely expensive. For example, the list price Lyrica, a drug for fibromyalgia, is $35,000. However, most patients only pay $8 a year for the drug.
The highest drug cost was for Pregabalin, which can be expensive due to its high dose and the cost of living in New York (more than $40,000 per year). The drug is also most popular treatment for bipolar disorder. In 2012 prices for Pregabalin went up almost 10 percent. (Learn more about drugs with the highest prices. How expensive are their prices? What impact does price actually have on patients?)
High drug prices occur in addition to other costs such as copayments, co-payments, and deductible or out-of-pocket costs. (Find out about copayments and co-payments.)
High drug prices also create obstacles for patients who experience homelessness. Many countries have made attempts to combat the problem. In most, people without health insurance are responsible for a portion of their medication costs, although this amount can get higher as the patient's coverage grows. In some cases the federal government will pay part or all of medications; more than 20 states have laws that exempt Medicaid patients from copayment. (Learn more: How to Get Low Drug Costs With Health Insurance and Copayments.)
These factors combined to result in a median deductible of $1,086 for all forms prescription costs in 2012. This is a significant increase from 2010, when the median was $610. This year's increase in copayments and increases deductibles will most likely have an impact on patients with prescription costs.
Many patients make plans to cover their prescription costs by getting other services or spending their remaining cash income. However, many times a drug isn't covered for these reasons.
Read More: What You Crave For The Holidays
Another major cost to these expensive medications is time spent in the hospital. Nearly half of all medications in 2012 required hospitalization for some amount of time. The top three hospitalizations caused by generic drugs were for diabetes, heart disease, and asthma. For pain medication, a third of patients made trips to the hospital for at least one week in 2012.
Another complication with these expensive drugs is the long-term side effects. most common effect is weight gain, while diabetes and cardiovascular disease have been associated with blood clots. Another problem is the risk of suicidal thoughts as there are serious health risks associated with these medications, including the possibility of lung damage.
In recent decades, doctors have tried to ease the burden of these high drug prices by creating new medicines for conditions that are not covered by insurance plans, and more recently by developing generic drugs.
Today, patients with these difficult to afford medications are forced switch medications, go on.
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Phenergan is used for relieving allergy symptoms, including hives or runny nose. It is used to prevent and control nausea and vomiting during and after surgery. It is also used as a sedative or sleep aid.
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