Have you ever wondered why the price of Eliquis is so high? This anticoagulant medication, while effective, can put a significant strain on many people’s budgets. Some individuals may find that their insurance doesn’t cover the cost or need to pay a hefty copay or deductible.
So why is eliquis so expensive? It’s a question that deserves an answer, and in this article, we’ll explore the factors that contribute to Eliquis’ high cost and what you can do about it.
Why is Eliquis so expensive?
Eliquis is a medication used to prevent blood clots and reduce the risk of strokes in patients with certain medical conditions. While it is highly effective, it is also known for being one of the most expensive drugs. There are a few reasons for this.
Firstly, Eliquis is a relatively new drug, and it is still under patent protection. This means that only the manufacturer, Bristol-Myers Squibb, is legally allowed to produce and sell it. As a result, they can set the price at a level that maximizes their profits.
Secondly, Eliquis is a complex medication that requires extensive research and development. The cost of developing and testing new drugs can be extremely high, often passed on to consumers through higher prices.
Finally, Eliquis is a highly effective drug that has been shown to reduce the risk of blood clots and strokes in patients with certain medical conditions. As such, it is in high demand, and the manufacturer can charge a premium for it.
Despite its high cost, many patients find that Eliquis is worth the investment, as it can greatly improve their quality of life and reduce their risk of serious health complications.
However, options are available for those who cannot afford the medication, such as generic versions or financial assistance programs from the manufacturer.
Read – is there a generic for eliquis?
What is the cheapest way to get Eliquis?
If you’re looking for the cheapest way to get Eliquis, you can do a few things.
First, check with your health insurance provider to see if they cover Eliquis. If they do, fill your prescription at a network pharmacy to take advantage of discounts or lower copayments.
If you don’t have health insurance, you can try using a discount card or coupon to reduce the cost of your medication. Several websites offer these discounts, including GoodRx and RxSaver.
Another option is to ask your doctor about switching to a generic version of Eliquis, which may be less expensive than the brand-name version.
Finally, consider shopping around at different pharmacies to compare prices. You may be able to find a pharmacy that offers a lower price or is willing to match a competitor’s price.
Remember, it’s important to always talk to your doctor before changing your medication regimen. They can help you determine the best course of action for your individual needs and budget.
Read – what foods to avoid while on eliquis?
Conclusion
In conclusion, Eliquis is a medication used to prevent blood clots and is known for its effectiveness. However, it comes with a high price tag due to the cost of research and development and the expenses associated with marketing and distribution.
While the high cost may be a barrier for some patients, options such as patient assistance programs and generic alternatives can help make the medication more affordable.
