The US has the highest average cost of healthcare at $12,900 per person. As of 2021, the cumulative spending towards healthcare tipped the $4.3 trillion mark and contributed 18% of the GDP from 5% in the 1960s.
With the high cost of healthcare, it shouldn’t be surprising to find prescription drugs like Myrbetriq to be expensive. Myrbetriq is a lifesaver for most patients. Consumers continually seek out this medication because it helps to treat overactive bladder, a condition that can be embarrassing.
But why should such an important medication be priced so highly? In this article, we’ll discuss in-depth why Myrbetriq is so expensive, how you can save on long-term Myrbetriq treatment, and whether there are cheaper alternatives to Myrbetriq.
Nearly 1 out of 3 US adults aged 40 years and above suffer from an overactive bladder (OAB) at some point in their lifetime.
The symptoms of OAB include:
Myrbetriq works to prevent OAB by chemically binding with beta-3 receptors in the bladder. This causes the smooth muscles
surrounding your bladder to relax and increase your urine storage capacity, hence reducing your bathroom visits, urine leakages,
and the frequent urge to urinate.
a. The 25 mg once-a-day tablet
b. The 50 mg once-a-day tablet
c. The 8 mg/ml liquid suspension solution, whereby the Myrbetriq granules are pre-mixed with 100 ml of water to form this strength.
b. Purpose of Treatment
Your doctor may increase Myrbetriq dosages after 4 to 8 weeks depending on how you or your children respond to the treatment. If the medication is safe for you and your child, it can be used on a long-term basis to achieve the desired effects.
If you have an insurance cover, you should consult with your insurance provider to know if they’ll cover the cost of the medication before you order the drug. Health insurance that cover Myrbetriq can reduce the cost of Myrbetriq by as much as 75%.
If your insurance does not cover the cost of Myrbetriq, you may be compelled to cover the full cost of the medication out of your pocket.
Myrbetriq is shielded from competition by its exclusivity, which is protected by patents. Pharmaceutical corporations take advantage of this period to recover research expenses, leaving patients with less options and more expensive treatment.
7. Patient Demand
To learn more about your insurer’s prescription coverage, get in touch with your insurance company. Some plans provide better coverage for particular prescriptions or can have preferred, less expensive alternatives.
Check for prescription discounts offered by manufacturers or independent websites. Your out-of-pocket expenses can decrease immensely with these coupons.
Myrbetriq is only marketed under its own brand name. Although a generic version has received FDA approval, exclusivity and drug
patents still prevent it from being made commercially. For the most recent information about generic substitutes, speak with your
Myrbetriq is quite expensive for most consumers. But knowing the factors that make Myrbetriq so expensive will help patients to look for less expensive options.
Although Myrbetriq generics have received FDA approval, their availability is frequently delayed by the interaction of patents, regulatory procedures, and market dynamics. As potential cost-cutting measures, patients should look into assistance programs, prescription discount cards, insurance reviews, and pill-splitting.
Staying updated about the changing landscape, consulting healthcare experts, and being aware of the options that are accessible remains the key to negotiating the complexities of prescription medicine expenses.