As the discussion revolving around the revelation that one cannot keep his health care plan or doctor continues, it is now being found out that one may likely not be able to keep his meds either, according to a Forbes report on Monday.
According to the report, there are two specific reasons that a person may not be able to keep their current medications or drugs under Obamacare. One reason is due to the higher cost – out-of-pocket – that consumers will be facing with the new health care law. The other reason is far worse – which is that many drugs may not be covered – period. That, of course, means that the costs patients will now have in buying their medications will not even count against their out-of-pocket limit.
Naturally, this has negative implications not only for the patients throughout the United States, but for drug manufacturers of specialty and primary care drugs as well.
The bottom line for the consumer is that any drug that isn’t on the government’s formulary list ends up being totally paid for by the patient. There will be little – possibly no – co-insurance assistance to offset a patient's cost. To add to the headache of figuring all of this out, the formulary a patient receives depends most of all on the state the person lives in.
The Forbes' report by Dr. Scott Gottlieb asserts that new medications will be off formulary lists – or only make it on to the list after lengthy delays. Therefore, patients should not expect to find costly specialty drugs covered in their plans.
According to Dr. Gottlieb, drug costs and coverage has become just one more unpleasant surprise in the new health care law.