Common-Sense Solutions for Rising Drug Prices

by CareFirst | November 13, 2020 | Affordability

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.