A new study from the University of British Columbia has found that seniors in high-income countries are choosing not to fill prescriptions due to high costs. In the U.S., 16.8% of seniors age 55 or older reported not filling prescriptions. Among 11 high-income countries, Americans reported not filling prescriptions at the highest rate.
Steve Morgan, a professor at the University of British Columbia warns against this cost saving measure: “When patients stop filling their prescriptions, their conditions get worse and they often end up in hospital requiring more care which in the long run costs us more money.”
There are some government benefit programs such as Medicare and Veteran’s Benefits that can help cover prescriptions. Instead of skipping prescriptions, meet with a qualified elder law attorney and develop a plan to help afford the costs of care as you age.