January – $400
February - $600
March - $800
April - $1600
To be clear, I have insurance (Medicare Parts A & B, with a supplemental prescription drug policy, costing an additional $300/month). Without insurance, these drugs would cost even more.
Every month this year the price of these drugs has skyrocketed. If my husband was still working and if I was still covered under his company’s group plan, I would be paying about $200/month for these drugs. Private insurers can and do negotiate prices with drug companies.
The government on the other hand is prohibited by Congress from negotiating with drug companies. If you are over 65 and on Medicare, you are out of luck. Why? Because the drug companies give congressmen millions and millions of dollars to keep them in office. They are paid to vote to protect the profits of the drug companies.
The US is the only industrialized nation in the world that prohibits negotiation on drug prices for government sponsored health insurance.
I can’t wait to see what they’ll charge me in May. The fact is they can charge anything they want.