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If you take Eliquis, you know how important it is to maintain your supply of it. After all, it’s what helps prevent your body from developing strokes or blood clots. Without it, you could experience a pulmonary embolism, damaging your lungs permanently.
Sadly, more and more Americans like yourself are losing the ability to stay protected. At least 24% now report that it’s difficult to afford their medication.
Well, the price for Eliquis alongside many other American medications just keeps rising. In fact, oral and injectable brand-name drugs have been increasing each year by 9.2% and 15.1% respectively.
But why is this?
Let’s explore the reasons and what you can do.
One major reason is that there is still no generic version of Eliquis.
It’s true that technically Eliquis’ market exclusivity has expired. So companies can apply to see if they can make and sell generic versions of Eliquis, which would be cheaper for the same quality as brand-name Eliquis. However, they can’t do much else.
That’s because the patent hasn’t expired yet.
Bristol-Myers Squibb, the company that owns Eliquis, still has patent protection. So, while other companies can submit applications for Eliquis, they can’t actually sell or make it yet. And they won’t be able to until Eliquis’ patent expires.
Currently, that patent isn’t set to expire until February 24, 2031, at the latest.
And Bristol-Myers Squibb isn’t exactly encouraged to let it.
For one, Bristol-Myers Squibb (along with partner Pfizer Inc) earns quite a bit from Eliquis. For instance, recent sales of the medication created a 24% increase in profit. In turn, they gained around $2.04 billion in the second quarter of 2019.
This profit would be much smaller if they let other companies sell generic Eliquis. So to protect it, Bristol-Myers Squibb has filed multiple lawsuits against competing companies. These include ones like Mylan that have already started working on making generic Eliquis.
What’s more, they control Eliquis’ pricing.
Unlike many other countries, America lets the market dictate prices. So this means that Eliquis costs as much as its company would like it to.
The idea behind this choice is that competing companies will keep each other in check. They want to make sure customers remain invested in their product. So they'd keep their prices looking reasonable compared to one another, right?
Unfortunately, it doesn't seem to have worked out that way. The reality is that companies continue to drive their prices up. And they do so while trying to block other companies from creating cheap alternatives.
That’s not all they can control either.
If the company wanted, Bristol-Myers Squibb could also try to control companies with the Pay to Delay approach. This approach involves paying a competing company to not sell their generic Eliquis. In this case, both companies would earn more money. But everyone else will end up paying a higher price. After all, there is no cheap version of Eliquis to turn to.
You may find a cheaper alternative to Eliquis, however.
Luckily, even though Eliquis doesn’t have a generic version, you do have other options! For instance, Coumadin is a blood thinner with two generic alternatives: warfarin and jantoven. Unlike Eliquis’ typical $448 a month, either alternative may cost under $10 a month.
Both medications can increase your risk of bleeding, however. So you’ll want to talk to your doctor first about changing medications.
But you can still get Eliquis with assistance.
Rather stick with Eliquis? Then, there are still options for you. Let’s consider a few.
In certain cases, you may be able to get Eliquis for free.
For those of you who cannot afford Eliquis at all, you may be eligible for a patient assistance program (PAP). This type of program is actually created by pharmaceutical companies. It’s designed to provide you with free or discounted medication so you can get the medication you need.
But it’s important to note that not all companies offer PAPs. And it isn’t guaranteed that you’ll be accepted into the program.
If you’re not eligible for that, Medicare can still cover Eliquis for you.
So, if a PAP doesn’t work, consider health coverage. 99% of either Medicare Part D or Medicare Advantage can cover Eliquis. If you can get the coverage, you should be able to afford Eliquis.
Of course, this depends on what coverage plan you have:
- Deductible co-pay range: $42–$511
- Typical co-pay range: $19–$511
- Donut Hole co-pay range: $195–$511
- Post-donut hole co-pay range: $7–$511
As you can see, not all prices are that desirable.
If neither assistance nor Medicare really help, we’re here for you.
As a certified pharmacy referral service, we want to make sure you get the medication you need. And we strive to make that happen in a simple, streamlined manner.
All you need to do is browse our website for the medication you need and show us your doctor's prescription note. While doing so, you could save up to 90% on your prescription.
In short, Eliquis doesn’t have to be expensive.
There are ways around the current expense of Eliquis! You just need to be aware of them. So take a look around for PAPs near you or Medicare assistance. Or to make your time even easier, just let us help you order Eliquis for some of the lowest prices possible!
DISCLAIMER: The content in this article is intended for informational purposes only. This website does not provide medical advice. In all circumstances, you should always seek the advice of your physician and/or other qualified health professionals(s) for drug, medical condition, or treatment advice. The content provided on this website is not a substitute for professional medical advice, diagnosis or treatment.