Eliquis is a widely used anticoagulant medication that helps to prevent the formation of blood clots. It has become a popular medication for people with atrial fibrillation, deep vein thrombosis, and pulmonary embolism. In the United States, Eliquis is currently available in a generic form known as apixaban, and it is available in several other countries as well. Eliquis is manufactured by Bristol-Myers Squibb and Pfizer.
The price of Eliquis has been rising steadily in recent years, and it is expected to continue to increase in the coming years. In August of 2021, the retail price of Eliquis was $675.50 for a 30-day supply. However, this price is expected to increase by 2023, and some estimates suggest that the price could increase by as much as 20%.
What is Driving the Price Increase?
There are a few factors that are contributing to the increasing cost of Eliquis. The first is the fact that it is a branded drug, and as such, there are certain costs associated with manufacturing and marketing the drug. Additionally, the patent for Eliquis has recently expired, which has opened the door to competition from generic versions of the drug.
The competition from generic drugs has caused the price of Eliquis to drop slightly in recent years. However, the cost is still higher than many other anticoagulant medications. Additionally, the patent expiration has caused the cost of the active ingredient in Eliquis to increase, which has added to the overall cost of the drug.
How Will the Price Increase Affect Patients?
For patients who are prescribed Eliquis, the price increase could have a significant effect on their overall healthcare costs. Eliquis is not typically covered by health insurance, so patients must pay for the medication out of pocket. The price increase could make Eliquis even more expensive, making it difficult or impossible for some patients to afford.
In addition to the financial implications, the price increase could also have an effect on patient adherence. If patients cannot afford their medication, they may be less likely to take it as prescribed. This could have a negative effect on their health, so it is important for patients to find ways to afford their medication if the price increases.
What Can Patients Do to Reduce Their Costs?
If the price of Eliquis does increase, there are a few steps that patients can take to reduce their costs. The first is to check with their doctor to see if there are any generic alternatives that they can switch to. Generic medications typically cost much less than their brand-name counterparts, and they are just as effective. Additionally, patients can ask their doctor about other medications that are used to treat their condition, as some of these medications may be more affordable.
Patients can also look into patient assistance programs, which are often offered by pharmaceutical companies. These programs can help patients cover the cost of their medication, and they can provide additional resources and support. Additionally, patients may be able to find discounts or coupons that can help to offset the cost of their medication.
Conclusion
The price of Eliquis is expected to increase in 2023, and this could have a significant effect on patients who are taking the medication. Patients should speak to their doctor about generic alternatives, and they should look into patient assistance programs and discounts to help reduce their costs. With the right resources and support, patients can ensure that they are able to afford their medication.