How Will Prescription Drug Prices Change?

In March 2010, President Obama signed the Patient Protection and Affordable Act, which was aimed at extending insurance coverage to 32 million uninsured Americans and improving coverage for those who already have insurance. Insurance companies and government health plans had previously been under scrutiny for discrimination and denying essential treatments to patients. The reform has its share of critics who fear that additional government intervention will be counterproductive and increase costs, but the utlimate goal is to make health care, including online prescription drugs, more affordable and accessible to all Americans.

One major demographic that has received questionable coverage is the Medicare beneficiaries, who previously had a gap in their Medicare benefits. This gap is often referred to as the "donut hole." Under the previous law, about 25 percent of Medicare beneficiaries reached their coverage limits due to the high costs of prescription medications. One goal of the PPACA is to close this donut hole. A $250 rebate check is available to Medicare beneficiaries to help lessen this burden until the PPACA is more fully implemented. Over the next few years, this gap in coverage should become fully closed so that Medicare beneficiaries pay 25 percent of their prescriptions while the rest is entirely covered. The PPACA is also expected to cause a decrease in online prescription drug prices.

Aside from seniors covered by Medicare, people of all ages currently suffer from stringent insurance restrictions and are often unable to afford the prescription drugs that they need. The goal is to make online prescription drug prices more affordable under the PPACA; however, because the implementation of the law will be an ongoing process, critics are uncertain of this claim's validity. Critics, argue that additional government regulation will further damage the health care system. With more government regulations, and the billions of dollars in taxes that will go toward offsetting the cost of the law's implementation, critics assert that this will cripple the health insurance industry and make even more Americans dependent on the government for their basic health care needs.

In the worst case scenario that this law affects prescription drug prices in pharmacies, the online prescription market should be largely unaffected. This industry has been in operation for years, and when this market first started to open up, it went largely unchecked by the Food and Drug Administration (FDA). What made monitoring difficult was the fact that many of these pharmacies operated outside of the U.S., which made it easier for them to bypass FDA standards. Now that the FDA has more heavily prioritized the regulation of this industry, online pharmacies now operate more safely and ethically. Online doctors are also available to patients who cannot afford to take the time away from work, those with limited mobility, or those who live miles away from the nearest doctor's office. Like online pharmacies, the online doctors on these websites are carefully screened and are licensed to practice medicine.

Many people are optimistic about the PPACA's future. Prescription drug prices should decrease and become more accessible, and with continued government oversight, those who rely on online prescriptions and doctors can also rest assured that they will receive top notch treatment and fair prices.

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