Trump Administration's Direct-to-Consumer Drug Platform Leaves Many Patients Wondering If Lower Prices Will Actually Stick.
The Trump administration's latest attempt to lower prescription drug costs has finally launched: the direct-to-consumer platform known as TrumpRx. With 43 drugs now available on the portal, including some high-profile obesity medications at discounted prices, many are hailing it as a major step forward in tackling a long-standing industry problem. However, experts say that the impact of these channels may be limited - at least initially.
For those without insurance, or with high deductibles, purchasing medications directly through TrumpRx could potentially save them hundreds of dollars a month on their prescriptions. But for many others, especially those with smaller deductibles, going through their insurance might still be the more cost-effective option. According to health policy professor Joey Mattingly at the University of Utah's College of Pharmacy, consumers will need to do some research and consider their individual circumstances in order to make the most of this new platform.
While some medications are now available on TrumpRx at significant discounts - with prices ranging from 33% to 93% lower than list prices - others may not be as appealing due to higher prices or already being available at comparable rates through pharmacies. For instance, Eli Lilly's Zepbound and Novo Nordisk's Wegovy were listed as costing $299 a month and $149 a month respectively on the portal. However, some experts caution that these prices might still be out of reach for many patients.
The growth of direct-to-consumer channels may also have unintended consequences, such as insurers potentially allowing cash payments to count towards deductibles or making it less necessary for them to cover certain medications. Mariana Socal, associate professor of health policy at Johns Hopkins University, notes that this could lead to a shift in how the industry operates.
In particular, obesity drugs are proving popular through Novo Nordisk's self-pay channel and Eli Lilly's platform, but other medicines may not generate the same level of interest - especially if they have cheaper generic alternatives. As Evan Seigerman, senior pharmaceutical analyst at BMO Capital Markets, puts it: "I don't think people are as excited to pay for blood thinners out of pocket."
The Trump administration's latest attempt to lower prescription drug costs has finally launched: the direct-to-consumer platform known as TrumpRx. With 43 drugs now available on the portal, including some high-profile obesity medications at discounted prices, many are hailing it as a major step forward in tackling a long-standing industry problem. However, experts say that the impact of these channels may be limited - at least initially.
For those without insurance, or with high deductibles, purchasing medications directly through TrumpRx could potentially save them hundreds of dollars a month on their prescriptions. But for many others, especially those with smaller deductibles, going through their insurance might still be the more cost-effective option. According to health policy professor Joey Mattingly at the University of Utah's College of Pharmacy, consumers will need to do some research and consider their individual circumstances in order to make the most of this new platform.
While some medications are now available on TrumpRx at significant discounts - with prices ranging from 33% to 93% lower than list prices - others may not be as appealing due to higher prices or already being available at comparable rates through pharmacies. For instance, Eli Lilly's Zepbound and Novo Nordisk's Wegovy were listed as costing $299 a month and $149 a month respectively on the portal. However, some experts caution that these prices might still be out of reach for many patients.
The growth of direct-to-consumer channels may also have unintended consequences, such as insurers potentially allowing cash payments to count towards deductibles or making it less necessary for them to cover certain medications. Mariana Socal, associate professor of health policy at Johns Hopkins University, notes that this could lead to a shift in how the industry operates.
In particular, obesity drugs are proving popular through Novo Nordisk's self-pay channel and Eli Lilly's platform, but other medicines may not generate the same level of interest - especially if they have cheaper generic alternatives. As Evan Seigerman, senior pharmaceutical analyst at BMO Capital Markets, puts it: "I don't think people are as excited to pay for blood thinners out of pocket."