Tag: High cost drugs

The average annual cost for a specialty drug prescription now exceeds $84,000, creating significant financial challenges for patients and health plans. Understanding **what are high cost drugs** is essential to grasp the complex factors fueling the rise in healthcare spending and the difficulties many face in accessing vital treatments.

According to the Centers for Medicare & Medicaid Services, the highest drug tier, often Tier 5, covers very high-cost specialty drugs for severe or complex health conditions. Understanding **what are specialty tier 5 drugs** is crucial for managing your out-of-pocket prescription expenses and navigating the complexities of your health insurance plan's formulary.

Accounting for a significant portion of prescription drug spending, specialty drugs are defined by their high cost and complexity. To better understand these life-changing therapies, here are concrete examples illustrating the range of **what are examples of specialty drugs?**