UnitedHealthcare to eliminate out-of-pocket fees on several prescription drugs, including insulin, for eligible members
MINNETONKA, Minnesota–(BUSINESS WIRE)–UnitedHealthcare will eliminate out-of-pocket payments in standard fully insured group plans for certain favorite prescription medications, including insulin and several medications used to treat emergencies such as severe allergic reactions, hypoglycemia, opioid overdoses and acute asthma attacks. This new standard offering will be available to fully insured group plans potentially as early as January 1, 2023, subject to any required regulatory approval.
Eliminating out-of-pocket expenses for these essential medications can help reduce the burden of medical costs on consumers and encourage better medication adherence, thereby reducing the risk of complications and costly hospitalizations.
These actions are part of UnitedHealth Group’s ongoing efforts to ensure people get the medicines they need and to make health care more affordable. Offering these favorite drugs at $0 cost-share builds on past initiatives from UnitedHealthcare and Optum Rx, including point-of-sale rebates that have delivered millions of dollars in savings directly to consumers at the pharmacy counter.
“High prices are a significant barrier to prescription drugs for many people, so we’re using our unique capabilities to deliver savings to consumers,” said Brian Thompson, CEO of UnitedHealthcare. “We are doing what we can to protect people from the prices set by pharmaceutical companies, and hope that all stakeholders will also act to make prescription drugs more affordable.”
In addition to insulin, four preferred emergency medications will be included in the new standard offering and will also have a $0 cost share:
Epinephrine – severe allergic reactions
Glucagon – hypoglycaemia
Naloxone – opioid overdoses
Albuterol – acute asthma attacks
UnitedHealthcare is dedicated to helping people live healthier lives and making the healthcare system work better for all by simplifying the healthcare experience, meeting the health and wellness needs of consumers and maintaining trusting relationships with providers. In the United States, UnitedHealthcare offers the full range of health benefit programs for individuals, employers, and Medicare and Medicaid beneficiaries, and contracts directly with more than 1.5 million physicians and healthcare professionals. , and 7,000 hospitals and other healthcare facilities nationwide. The company also provides health benefits and provides care to people through health care facilities owned and operated in South America. UnitedHealthcare is a business of UnitedHealth Group (NYSE: UNH), a diversified healthcare company. For more information, visit UnitedHealthcare at www.uhc.com or follow @UHC on Twitter.