Insurance companies charge patients more in co-pays than medicines actually cost, study finds

You might be paying more in co-pays than your medication actually costs.

In a new study published Tuesday in the medical journal JAMA, researchers found that out of the 9.5 million claims for prescription medication in 2013, insurance companies charged more than the base price for the drug in 2.2 million cases. Patients were overcharged for generic drugs 28 percent of the time, the study found, and for brand name drugs 6 percent of the time — for a grand total of $135 million in...

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