Jared S. Hopkins
speaker
109 appearances
3 recordings
1 series
first heard Jan 2020
last heard Nov 2024
Jared S. Hopkins’s voice in public audio — every appearance, attributed to the second.
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Appearances
where the most expensive price is maybe $8,000, $10,000.
In the story, we wrote about the generic version of Tycurb, which is a cancer drug.
There are 460 different prices in the U.S.
for a generic version of that drug.
For example, in central Illinois, there are a handful of plans that are charging more than $3,000 for that.
However, there are also in the same area, the same county, charging double that price for that drug.
But guess what?
Maybe that sounds like a lot of money to you or that's an expensive drug.
There's other parts of the country where that drug costs $10,000 on a prescription drug plan or $12,000.
Experts told us that the wide variability is likely due to a multitude of factors.
And that includes where a pharmacy might be located.
If it's located in an urban area or a rural area, it could be determined by what prescription drug plan's formulary might be, which is what drugs are covered.
And that's often determined by the plan sponsor, by the insurance company.
And how they determine that is sort of up to them.
One other variable here is you have what are the negotiating powers, right?
So the pharmacies are negotiating.
The PBMs are negotiating.
With brand name drugs, the PBMs are negotiating with drug manufacturers.
So there's a multitude of different reasons of why these drug prices are all very different.
If you talk to some experts about this, they will say, hey, there's going to be some
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