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Sticker Shock: Prescription Drug Affordability in Colorado

June 17, 2016

drug affordability

This paper is part of the Survey Snapshot series. You can read the other Colorado Health Access Survey snapshots here.

The price of prescription drugs is rising, but the percentage of Coloradans who can’t afford them is falling.

“Sticker Shock: More Coloradans Can Afford Prescriptions, but Problems Remain” analyzes data from the Colorado Health Access Survey. 

And the findings may seem counterintuitive. The percentage of Coloradans who could not fill a prescription because it cost too much is at a six-year low of 9.8 percent, according to the CHAS. Despite higher prescription drug prices, this makes sense. Colorado’s uninsured rate has dropped from 14.3 percent in 2013 to 6.7 percent in 2015, an historic low driven by the Affordable Care Act. More people with more health insurance can afford more prescription drugs.

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