Why is Eliquis so expensive now?

Many patients and healthcare providers have raised concerns about why Eliquis is so expensive now, which could impact its accessibility and affordability for those who rely on this crucial medication.

Even though it is one of the newer anticoagulants, Eliquis has quickly become very popular among healthcare professionals and patients. This shows how Eliquis has been very effective in reducing the risk of blood clots among patients. Aside from this, Eliquis has also been able to help in the prevention of other related complications. There are a lot of benefits to taking Eliquis.

Given its effectiveness, demand for Eliquis has steadily grown through the years. Despite this, there are still some people who have raised their concerns about its accessibility and cost. This is quite understandable given that people need to budget their monthly finances well to be able to afford their everyday necessities as well as a few wants. Thus, they must be able to find more affordable options when it comes to purchasing Eliquis.

So why is Eliquis so expensive now?

If you are considering taking Eliquis or have been prescribed to take this medication by your doctor, you must be able to find a reliable source to get your supply of Eliquis, at more affordable rates. This is so you do not miss a day of taking your prescription medication and take better care of your health.

Just like with many prescription medications in the market today, the cost of Eliquis can be influenced by various factors, contributing to its expense. It is equally important that you understand why Eliquis is considered expensive now.

The Price Tag on Eliquis

In case you have not noticed it yet, there is no fixed price for Eliquis given that there are various factors to be considered. The price of Eliquis depends on the pharmacy that you are purchasing it from, your insurance coverage, and individual patient plans. 

However, it is also important to note that Eliquis ranks among the costliest blood thinners in the market. Thus, patients who do not have any insurance coverage might fight themselves paying
hundreds of dollars just for a 30 day supply of Eliquis.

This can be quite a financial burden, which may lead to some patients completely forgoing their Eliquis treatment or seeking less effective alternatives to treat their condition.

Understanding the Key Factors behind High Drug Prices

Here are key factors related to the cost of Eliquis:

1. Patent Protection and Lack of Generic Competition: Pharmaceutical companiesheavily invest in research and development (R&D) to come up with new drugs. Once drugmakers have obtained a patent for their product, they hold the exclusive rights to produce and sell the medication that they have developed for a specific time (this usually lasts for 20 years). During this time, no other company is allowed to create ageneric version of the drug. Thus, this limits market competition and grants the patent holder significant power over pricing. Although a generic version of Eliquis (apixaban) has already received FDA approval, the brand-name medication has maintained its patent exclusivity in the US for an extended period, which has contributed to its high cost.
2. Research and Development Costs: Developing a new drug is a very time- consuming and resource-intensive endeavor. Large expenditures are need for clinical trials to ensure the drug’s safety and efficacy and marketing and advertising to sell the drug and make people aware of its benefits.
3. Market Demand and Regulatory Factors: Medical conditions for which Eliquis is prescribed, like atrial fibrillation, have become increasingly prevalent through the years. The high demand for Eliquis, in combination with being one of the newer options in the market (compared to traditional anticoagulant options like warfarin) plays a part in its significant price point.  Furthermore, pharmaceutical companies might have less pricing pressure under a system where a large portion of the cost is covered by insurance providers as well as government programs.
4. Drug Marketing and Lobbying: The pharmaceutical industry engages in substantial marketing campaigns. This goes for both healthcare providers and directly to consumers. Additionally,  their powerful lobbying efforts influence policies affecting the prices of prescription medications. These can drive up the demand while maintaining a lucrative business environment for manufacturers.
5. The U.S. Healthcare System: The unique structure of the U.S. healthcare system presents particular challenges. Unlike many other countries, US drug prices are not directly regulated by the government. This means pharmaceutical companies enjoy substantial freedom to set prices as they see fit. Furthermore, the complexity of health insurance models in the US contributes to higher administrative costs compared to countries with universal healthcare systems.

Potential Solutions and Navigating the Cost of Eliquis

Managing finances for patients can be quite complex. Hence, exploring these options is vital:

• Insurance Coverage: Thoroughly examine your insurance policy for preferred coverage and formularies to possibly reduce expenses on certain brands. It is best that you talk to your insurer about your options.
• Generic Equivalent: Inquire whether your healthcare provider is comfortable prescribing the generic apixaban if available as it is typically more affordable.
• Manufacturer Assistance Programs: Pharmaceutical companies sometimes offer support programs or discounts to eligible patients. Contact Bristol Myers Squibb and Pfizer (Eliquis manufacturers) for more information.
• Pharmacy Comparison Shopping: Prices vary between pharmacies. Explore local options. You may also buy Eliquis from online pharmacies (reputable ones), which might offer more competitive prices.
• Talk to Your Doctor: It is crucial to have an open conversation with your healthcare provider to explore your Eliquis treatment options.

Prioritizing your health

If you need to buy Eliquis, it is important that you prioritize your health and not miss your medication. There are various ways for you to better afford Eliquis. A great option for you is PharmaServe. PharmaServe has reliable stock of Eliquis and offers it at a more affordable price. PharmaServe also offers other popular medications, which you can securely purchase from this online pharmacy.

An affordable way to purchase Eliquis

If you are having a hard time finding some of the most in-demand prescription medications now like Eliquis or Ozempic, and focusing on the question, “Why is Eliquis so expensive now?” you should consider buying from online pharmacies like PharmaServe. One of the trusted online pharmacies now, Pharmaserve supports patients in their quest to achieve good health. It aims to always provide medications at more affordable prices so that patients need not worry about missing taking their daily medications. With just a few clicks on their customer-friendly website, you will easily be able to browse through their online store and purchase what you need. Regular customers will also receive reward points every time they purchase their medications through PharmaServe.

In case you need any assistance in purchasing your medication or need some information about certain medications that PharmaServe is offering, you may easily chat with PharmaServe’s dedicated team of customer service representatives to assist you with your inquiries. 

References and Further Reading:

https://www.eliquis.bmscustomerconnect.com/globalpage

https://www.singlecare.com/blog/eliquis-without-insurance/