More MS news articles for June 2000

Insurance covers Drug Costs For Three-Quarters of Americans

Private insurance has increasingly been picking up the bills for prescription medicines. Only about one-quarter of Americans' total drug costs are now paid out of pocket, experts report.

The nation's per capita spending on prescription drugs has increased to more than $300 this year, compared to $26 in 1970.

The Department of Health and Human Services expects the fraction of drug costs paid out of pocket to keep dropping over the next 10 years, even if Medicare still excludes drug coverage.

Source: David E. Rosenbaum, "Health Insurance Provides Buffer to Rising Drug Prices for Most Americans," New York Times, June 1, 2000.

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