American health care has seen some big changes in the past few years. The growth in the number of high deductible medical insurance plans is one of them. A high deductible insurance plan is a plan with a single person deductible of at least $1,300 or $2,600 for a family. Since Obamacare came into force more people than ever have health insurance coverage. However, for many people the only plans which are affordable are low premium, high deductible insurance plans.
From 2006 to 2010 the number of American workers enrolled in high deductible plans grew from 4 percent to 25 percent. By 2014 the number of people aged 65 enrolled in a high deductible insurance plans reached 36.9 percent. The number of employers offering these insurance plans increased from 53 percent to 75 percent between 2010 and 2015.
As high deductible insurance plans become more common, people will end up paying out of pocket for more medical expenses. In fact, out of pocket health care spending totaled over $416 billion and is expected to increase by another 8 percent per year and is expected to hit $608 billion in 2019. Americans are feeling the financial pinch.
Prescription drug prices are a big driver of health care costs. This is true especially of drugs taken for chronic conditions. With higher deductibles becoming the norm, many people are looking for ways to help keep their costs down. Many find ordering prescription drugs through Canada can help them save money.
Canada Drugs fills thousands of prescriptions for patients every year and has saved Americans a lot of money. If you’re wondering if Canada Drugs can help you save money on your prescription drugs, please contact us, we’d be happy to provide you with a quote.