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The Rising Costs Of Diabetes Medications

After being approached this past month by several people voicing concerns about their diabetes related medication costs, I decided to dedicate this month’s column to some great cost savings ideas. Although not every suggestion will apply to everyone, hopefully you will find some ideas.

According to the American Diabetes Association, people with diabetes spend an average of $8,000 a year on diabetes-related medical care and supplies. Depending of insurance coverage and health conditions, that price tag could be much higher. Persons with diabetes are often faced with financial dilemmas, trying to balance the budget, meet other household obligations, and caring for a growing family. The following suggestions and websites offer some relief to a high percentage of persons with diabetes. As always, discuss your concerns with your healthcare provider. For those with financial constraints, there are often less expensive medications that can be substituted under medical guidance. The end goal should always be cost contained   AND quality medical care.

Suggestions
  1. Always discuss your financial situation with your doctor before you pay for medication. A high percentage of people may experience “sticker shock” upon hearing a price quote from a pharmacy. Your physician may have samples of the medication available, as well as meters and injectable pens. They may also have knowledge of patient assistance programs (think “drug discount cards”) associated with the prescribed medication. It never hurts to ask.
  2. Speak with your pharmacist. They may also have information available on patient drug discount cards. In addition, they may be able to suggest drug substitutes (with final approval by your doctor) to reduce medication cost.
  3. Are you tech-savvy? Check out phone apps for information on pharmacies and their price points. Many pharmacists will honor/match a competitor’s price.
  4. Many persons with diabetes report tremendous savings by buying in bulk, as well as using mail order services for their medication delivery.
Websites
  1. www.GoodRx.com for pharmacy price comparisons
  2. www.NeedyMeds.org  for drug discount card program information
  3. www.PrescriptionHope.com for over 1500 medications capped at $50/month
Pharmaceutical Patient Assistance Programs (this is not a complete list)
  1. www.pparx.org   Partnership for Prescription Assistance
  2. https://www.niddk.nih.gov/health-information/diabetes/financial-help-diabetes-care
  3. https://www.cornerstones4care.com/patient-assistance-program.html  Novo Nordisk
  4. www.toujeo.com  Toujeo Insulin Glargine injectable
  5. www.lantus.com/sign-up/savings-and-support   Lantus Insulin Glargine injectable
  6. www.januvia.com/special-offers/    Januvia/Sitagliptin tablets
Medications play an important role in your diabetes management. Let’s make sure you have full access to what’s best for your continued good health.

Guest post by Maureen Sullivan-Tevault and  originally appeared at MaureenSullivanRN.com.

Maureen has over 25 years in Emergency and Trauma nursing, including nursing positions as the Emergency Department Manager, Director of Staff Education, Trauma Coordinator, and Stroke Program Manager. In addition, she has also been certified as both a BLS and ACLS instructor, and adjunct faculty for an LPN nursing program. Maureen has also written nursing articles for the following journals: Nursing Spectrum, ADVANCE nursing magazine, and The Journal of Emergency Care, Rescue, and Transportation.  Her expertise is in diabetes education, stroke education and prevention, and all aspects of emergency medicine.

Maureen has written multiple continuing education courses on diabetes, stroke, human trafficking, norovirus and other healthcare topics:

Diabetes: An Introduction
Diabetes Management and Insulin Pumps
Diabetes Management and Insulin Pumps for School Nurses
Diabetes: An Introduction for Administrators
Human Trafficking
Management of Norovirus Gastroenteritis in Healthcare Settings
Mangement of Norovirus Gastroenteritits in Post Acute Care Settings
OSHA Hazard Communication
Stroke Management: Advance
Stroke: An Introduction
Stroke: An Introduction for Administrators

You may see all of the online continuing nurse education offered by Pedagogy by clicking View Entire Catalog.   

Memberships are also available to institutions that would like to provide a library of education to their staff. See Memberships for more information and to request pricing.  

Posted: 11/28/2018 11:51:28 AM
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