PAN Is Still Out Of CoPay Funds, But The IMF And PAN Indicate Other Organizations like LLS have Available Funds –  Why The Problem?

First the GOOD NEWS, then like Paul Harvey used to say ,” THE REST OF THE STORY!”

PAN posts on their site the following:

Program Status – Fully Allocated

We are no longer accepting or processing applications for new or renewal patients.
The PAN Foundation’s Multiple Myeloma fund is currently fully allocated. As of April 19, 2017, Leukemia and Lymphoma SocietyHealthwell and Patient Advocate Foundation are accepting applications.

The IMF posted the following update:

  • APRIL 10, 2017 – CO-PAY ASSISTANCE PROGRAMS UPDATE (4/10/17)  

The following co-pay assistance foundations are now open to myeloma patients who receive drug coverage through Medicare and who meet eligibility requirements:

As of 4/10/17
Healthwell Foundation
tel:  800-675-8416
website:  healthwellfoundation.org
LLS Co-Pay Assistance Program
tel:  877-557-2672
website:  lls.org
Patient Advocate Foundation
tel:  800-532-5274 
website:  http://www.patientadvocate.org

up to $10,000

The rest of the story is PAN, the largest of the copay programs, so if they are out of funds it hurts a lot of people, and the vast majority of the funding comes from drug companies.  The economics for the drug companies is if they do not provide the copay of typically 20% of the drug costs, the patient will not buy the drugs and they will lose the 80% they get from Medicare or private insurance.  So apparently somebody at drug companies have to hone up on their basic math skills.  I have said before if they do not provide copay assistance,  patients can’t pay the copay and big pharma looses the 80% and unfortunately we may lose our LIVES. Please get a new calculator because if no copay no 80%, and you just may lose your customer base.   A great article about how the current system has developed into what we have today titledHow Big Pharma Uses Charity Programs to Cover for Drug Price Hikes – A billion-dollar system in which charitable giving is profitable” CLICK HERE. So now you know the REST OF THE STORY, but it comes with a big BUT.  But unless co pays go away, we must have the help from the Jerry Rigged system we have now.  

So in Summary:

Cancer Bad, Drugs Good, High Drug Costs Bad, Unaffordable Insurance Co-pays Bad, Co-pay assistance Good, Drug company funding for co-pay Good, Under funding copay by drug companies Bad and maybe Stupid!
 

Good luck and may God Bless your myeloma Journey.   For more information on multiple myeloma survival rates and treatments CLICK HERE and you can follow me on twitter at: https://twitter.com/grpetersen1