Drug companies are increasing prices several times a year. Many health insurance plans are requiring you spend more before coverage kicks in.
So why does data make it seem like people are actually paying less for drugs?
There’s a surprising explanation driving the trend: cheaper birth control.
Thanks to the Affordable Care Act, very few women now have to pay out of their own wallets for birth control, an effect that has brought down average spending on prescription drugs, according to a new analysis out from the Peterson-Kaiser Health System Tracker.
By contrast, before the ACA, about a quarter of women of reproductive age were paying for birth control pills, intrauterine devices, the birth control patch and more.
See: New birth-control rules may shake up behavior