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Tag: overpaying

Trump signs bills to help patients stop overpaying for drugs

Trump signs bills to help patients stop overpaying for drugs

Health
Insurers will no longer be able to bar pharmacists from telling consumers when paying cash would be cheaper than using insurance for their prescriptions, as a result of bills signed Wednesday by President Donald Trump. The two bills had broad bipartisan support as a consumer-friendly move to correct "gag rules" that many viewed as an egregious business practice. One bill applies to private health insurance and the other to Medicare. The measures bar health plans or middlemen that manage pharmacy benefits from getting in between pharmacists and their customers. No longer can pharmacists be contractually prohibited from telling consumers when they would actually save money by not using their insurance plans. Such head-scratching situations can arise because of convoluted deals between drug...