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What to know about rising prescriptions costs in Florida

On Behalf of | Dec 6, 2021 | Medicaid Planning

With all of the challenges that the elderly already face, overpaying for their prescriptions shouldn’t have to be one of them. When it comes to the point where a person is deciding between keeping up on their medication routine or paying for groceries, there’s clearly a systemic problem at play. Sadly, that’s the current situation for many seniors in Florida and across the country.

The rise in medication prices impacts everyone: from those dealing with a chronic illness to cancer survivors to those simply living the standard suite of health problems that comes with getting older. AARP conducted a survey in July which found that 7 in 10 voting Americans 50 years and older take prescription medications on a regular basis.

A moment of unity

The direction that medication costs are taking is concerning to much of the senior demographic, and this wariness was evident in the way these populations voted on three key issues recently. The majority of elderly citizens voted to put a cap on the amount that Medicare beneficiaries have to pay for their prescriptions out of pocket as well as stopping pharmaceutical corporations from hiking their prices exclusively on American consumers.

In addition to voting for these two preventative measures, seniors voted in favor of letting Medicare negotiate in order to lower the price of prescription medications. This is something that’s united Americans across the political spectrum – a rare thing in this day and age, to say the least.

If you’re a senior citizen trying to figure out how to pay for your medication and still keep the lights on, you are not alone. Prescription prices have continued to spike, and it’s only through the vote that measures can be taken against this trend. American seniors must continue to rely on the unity this issue has sparked and make their voices heard through their ballots.