Common-Sense Solutions for Rising Drug Prices

CareFirst believes that everyone should have access to affordable prescription drugs. However, drug prices continue to rise every year, far exceeding most families’ ability to afford them. Nearly 1 in every 3 dollars that CareFirst now spends for members' care is for a prescription drug. These costs are driving up health insurance premiums. While we are encouraged that there has been a national debate surrounding rising drug costs, the COVID-19 pandemic underscores the urgency in which drug prices must be addressed. We propose several practical solutions that would go a long way to bring needed relief to consumers–both during the pandemic and beyond.