Patient Responsibility News

Out-of-Pocket Prescription Drug Cost Burden Begets Health Disparities

Although out-of-pocket prescription drug costs are burdensome Medicare beneficiaries regardless of demographic, key health disparities by race, sex, income, and disease state exist.

out-of-pocket prescription drug costs lead to health disparities

Source: Getty Images

By Sara Heath

- Out-of-pocket prescription drug costs are a problem for nearly 5 million Medicare beneficiaries, but are especially pressing for Black and Latino people, revealing key racial health disparities in medication affordability, according to Department of Health & Human Services data.

The report, coming out of the Office of the Assistant Secretary for Planning and Evaluation (ASPE), also found low-income people having more trouble with out-of-pocket prescription drug costs.

The high cost of prescription drugs is a well-documented issue in the US. According to the HHS and ASPE researchers, prescription drug costs are nearly double what they are in similarly developed nations, bringing with them key patient financial responsibility and affordability woes.