$50,000 Per Year in Prescription Drugs? You Likely Know Someone Who Used at Least That Much
For most Americans, $50,000 is a lot of money. Six out of 10 households in the U.S. have make less than that amount per year (based on adjusted gross income). But, for a growing number of Americans, that's how much -- or more -- was spent on their prescription medications last year.
Leading pharmacy benefits manager (PBM) Express Scripts (NASDAQ: ESRX) recently released its 2016 Drug Trend Report. The company found that 870,000 Americans had prescription medication costs of at least $50,000 last year -- up 35% from just two years ago. Statistically speaking, it's pretty likely that you personally know some of these people. But despite these staggering numbers, there's actually some good news.
Image source: Getty Images.
Source: Fool.com
Teva Pharmaceutical Industries Ltd ADR Stock
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