Solutions for Lowering Prescription Drug Costs
Date: February 2021
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The Impact
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Dollars spent per year on prescription drugs by the average American – more than any other country.
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Projected growth in retail prescription drug costs from 2020 to 2025, reaching $471B.
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Number of Americans who have difficulty affording their prescriptions.
We have ideas.
States that fully leverage PBM capabilities can save Medicaid $112B over the next decade.
Value-based drug payments can save consumers 28%.
Capping drug exclusivity can save Medicare more than $20B over the next 10 years.
We are saving consumers:
Up to $189
per medication annually with discounts at the pharmacy counter.
$225
per prescription fill with PreCheck MyScript.
80%
on retail drugs with Optum's discount card.
$300
per year by combining medical and pharmacy data.