New online tool provides patients more info on their medical costs

Recent data shows that most Americans want more information on the cost of their medicine.

That’s why America’s biopharmaceutical companies have launched a new tool to give patients the information they want and need to make informed decisions about their health care.

The Medicine Assistance Tool, or MAT,  was created by Pharmaceutical Research and Manufacturers of America (PhRMA) to provide patients with more information about their medicine costs and help patients, caregivers and health care providers learn more about the resources available through various biopharmaceutical industry programs.

MAT includes a search tool to help patients connect to financial assistance programs.

Through this online platform, patients can input basic information into a tailored search engine – including prescription medicines, age, income and current insurance coverage (if any) – and receive information about what potential cost assistance resources may be available.

MAT also links to the websites referenced in company direct-to-consumer (DTC) television advertising that direct patients to information about medicine costs, including the list price of the medicine, out-of-pocket costs or other context about the potential cost of the medicine and available financial assistance.

In addition, MAT has resources to help patients navigate their insurance coverage.

You can check out MAT by clicking here. 

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