Have Insurance but Your Coverage Changed?

By: Shane Power, President of Watertree Health

An article by David Lazarus published in The Los Angeles Times discussed a growing epidemic in the United States—insurers dropping certain prescription medications from 6679875_lcoverage by their plans. Often drugs are dropped without advanced warning, leaving patients scrambling to find a way to obtain, and pay for, the medications that their physician has prescribed. 

Even with the Affordable Care Act (ACA), insurers are not required to cover many commonly prescribed cholesterol-lowering statins, anti-depressants and other medications. Companies can add and subtract medicines at will.  With 7 out of 10 Americans requiring at least one prescription medication, the need for available and affordable prescriptions is enormous. 

As President of Watertree Health, I hear from consumers all over the country, many with employer-provided prescription benefits, who are faced with the same harsh financial reality as someone without any insurance—how am I going to pay for my medicine?  Some consumers resort to the dangerous practice of rationing prescriptions. Others seek them out on the Internet and from other countries, where fakes abound. 

The Los Angeles Times also reported that the prices of medical supplies, such as diabetic-testing materials, catheters and orthopedic devices, could vary dramatically by insurer.  Additionally, not all plans are even required to cover these supplies that millions of people in America rely on every day. 

The Watertree Health Prescription Discount Card helps fill in critical gaps in health insurance plans being purchased by people across the country. It helps alleviate some of the financial burden for those with insurance when their medications or medical supplies are no longer covered—helping to improve the cycle of health for millions of people.


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