We explore the profound impact of high drug prices on the elderly and delve into the role of Pharmacy Benefit Managers (PBMs) in escalating patient costs and affecting prescription medication coverage. Unveiling the lack of transparency in the pharmaceutical industry and the hurdles of insurance authorization, we discuss strategies for decreasing prescription costs, exploring alternatives, and Mark Cuban's disruptive Cost Plus Plan. From emphasizing the importance of transparency in regulation to practical tips for preparing for doctor's visits and seeking affordable prescription drug alternatives, we empower listeners to advocate for their healthcare needs.

Connect with Richard Hastings:

https://www.linkedin.com/in/richardphastings

Connect with Jeff Michaelis:

https://www.linkedin.com/in/jeff-michaelis-820887177/

Thank you to our sponsor:

https://findagreatattorney.com/

Timestamps:

00:00:00 - Introduction to the Podcast "Justice and Scrubs"

00:02:46 - The Impact of High Drug Prices on the Elderly

00:05:32 - The role of pbms in increasing patient costs.

00:08:14 - The Impact of PBMs on Prescription Medication Coverage

00:10:50 - The Role of PBMs in the Healthcare Industry

00:13:40 - Lack of Transparency in the Pharmaceutical Industry

00:16:22 - The Hassle of Insurance Authorization

00:18:52 - The high cost of medical malpractice

00:21:28 - Significant Savings on Medication

00:24:21 - Decreasing Prescription Costs

00:26:52 - Medication Costs and Alternatives

00:29:09 - Mark Cuban's Cost Plus Plan: Disrupting the Drug Industry

00:31:50 - The Importance of Transparency in Regulation

00:34:18 - The Importance of Taking Blood Pressure Medicine

00:36:44 - Preparing for a Doctor's Visit

00:39:15 - Affordable Prescription Drug Alternatives

00:41:41 - Asking Your Doctor About Affordability

Produced & Edited By:

https://www.creativeevolutionstudios.com/