This is legit.
I've been using it recently to save tons of money on drug prescriptions.
Type in the name of your med, along with the information about it(quantity/dose) and see how much you will pay using the coupon that you will print out and give to your pharmacy.
If its more than what you pay...............do nothing. You must have pretty good insurance.
If it's less than what you pay............call your pharmacy to make sure that they will take it(they should) and confirm the price. Print out the coupon, give it to the pharmacy and save big bucks.
Hi mm
I tried it a couple months ago, before you posted this..
On one prescription it was only a minor reduction from my co-payment.
On another prescription, costing more than $300 (not covered by my insurance plan), the price was reduced to $17
Shocking, indeed!. I can't quite figure it out.... this outfit does not ask for any money. Therefore, they don't have any revenue and cannot give the pharmacy a kick-back. Conclusion... I am sure, the pharmacy is not selling this bottle to me for $17, while they are losing money on the deal. Therefore, the pharmacy has been ripping me off all this time.
And I still don't know what this outfit gets for doing this.
Gunter,
This is clear evidence of how much we are being ripped off from drug price gouging.
Previous discussion on this, that I updated today.
Signs of things to come
13 responses |
Started by wglassfo - July 24, 2020, 6:01 p.m.
I remember Pres Trump complaining several times about high medication costs (compared to other countries).
If I am not mistaken, he signed an Executive Order that ordered pharmacies to offer customers alternate price options
This is correct Gunter!
Today, President Donald Trump took historic action to deliver lower prescription drug prices to American patients. The President signed four Executive Orders on drug pricing directing the Secretary of Health and Human Services (HHS) to take several steps to deliver for American patients lower costs on prescription drugs, including insulin and epinephrine, and ensure Americans are getting the lowest price possible for their drugs.
The executive orders instruct HHS to take a number of actions:
This is how CNN decided to describe it...........as a bad thing:
https://www.cnn.com/2020/07/24/politics/trump-drug-prices/index.html
(CNN)Under fire for his handling of the coronavirus pandemic, President Donald Trump pivoted Friday to a longstanding campaign promise -- to lower drug prices.
"The President resurfaced a kitchen sink of controversial proposals aimed at reducing Americans' drug costs, which have advanced little during his term. He signed four executive orders, including ones on importing medications from Canada and basing the cost of drugs in the US on their prices in other countries -- both of which progressive Democrats, including Vermont Sen. Bernie Sanders, have pushed.The efforts, which largely reaffirm the policies of the administration, are unlikely to have an effect before the November election, if they ever do. Most require rule making by the Department of Health and Human Services and could be challenged in court.Notably, however, Trump strongly advocated allowing Medicare to negotiate prices -- a measure he slammed House Democrats for including in their drug price billlast December. The Medicare Modernization Act of 2003, which established Medicare's Part D drug plan, banned such negotiation to secure the votes of Republican lawmakers."Under our ridiculous system, which has been broken for decades, we aren't even allowed to negotiate the price of drugs," Trump said Friday just prior to signing the orders. "Can you imagine? What kind of a system is that? It's going to end."But he also said that drug company executives, whom he has been courting to swiftly develop vaccines and treatment for Covid-19 and inking hefty dealsto do so, were coming to the White House on Tuesday to present their ideas for reducing costs. Trump said he'll consider not implementing the order on international pricing if talks with drug manufacturers are successful.The pharmaceutical industry swiftly condemned the measures, pointing to Trump's State of the Union address earlier this year in which he said he would never let socialism destroy American health care."Yet, in the middle of global pandemic, when nearly 145,000 Americans have lost their lives and millions of others have suffered untold economic hardships, this administration has decided to pursue a radical and dangerous policy to set prices based on the rates paid in countries that he has labeled as socialist, which will harm patients today and into the future," said Stephen Ubl, CEO of PhRMA, a leading industry association."https://www.goodrx.com/blog/how-goodrx-helped-americans-save-5-billion-and-whats-next/
Doug Hirsch is a co-founder and co-CEO of GoodRx.
Posted on
We started GoodRx with a simple question:
Could we make prescriptions affordable for all Americans?
Before we could help people save, we needed to see if we could find current, accurate drug prices (it’s harder than it looks!). Then, we set out to find discounts, coupons, savings tips, membership programs, patient assistance programs and anything else that could help folks find a way to afford their prescriptions.
Over the 7+ years we’ve been gathering all this, I’m happy to report that we’ve found many ways to help Americans reduce the cost of prescriptions. It’s an honor and a privilege to see so many people finding value and assistance in the information and resources we provide.
Recently, we took a few minutes to add up the amount of money people have saved using GoodRx. We’re proud to report that as of April 2018, Americans have saved more than $5 billion with GoodRx ($5.6 billion, to be exact).
For me, that number is a brief stop on a long journey. Americans spend more than $400 billion every year on prescriptions, yet more than 200 million prescriptions are left at the pharmacy counter annually because they remain too expensive. Even worse, when patients don’t take their meds, they often end up in the hospital, which leads to almost 125,000 deaths and $300 billion in medical costs each year. If we’re going to make a difference, we have a long way to go.
Some other observations we’ve found:
For the millions of Americans taking a medication, the price of their medicine is often a mystery until they show up at the pharmacist’s counter. And that price can vary from pharmacy to pharmacy. This was the original insight that inspired GoodRx in 2011, but we continue to be amazed at just how confusing and complicated drug prices can be. You’d be surprised how few people who work in healthcare actually understand why drugs cost what they do.
We’ve made a lot of progress in making prices more transparent and available – but it’s still crazy complicated. Today, we gather billions of prices, savings tips, manufacturer discounts, and more, and we have a team of data scientists constantly working to perfect our prices and maximize patient savings. We are dedicated to helping understand drug prices and explaining it to the world, so that we can help people understand their options before they get to the pharmacy.
When people pay with a GoodRx discount, they’re choosing not to use insurance. There are, of course, many millions of Americans without insurance (about 30 million, according to current data). But what surprised us is how many insured Americans have insurance but also use GoodRx. More 70% of our visitors have health insurance.
So why do insured individuals use GoodRx? It’s pretty simple: our prices are often better than their copay, or what they’d pay under their deductible. Not just sometimes better – a lot of the time better. We’ve run the numbers and it looks like GoodRx beats insurance prices about half the time, for most people.
Of course what you pay depends on your insurance plan, so we can’t guarantee that GoodRx will always have lower prices than insurances. But with more people facing high deductibles, co-pays climbing, and insurers covering fewer drugs, well, we think it’s pretty much common sense for all Americans, insured and uninsured alike, to check GoodRx before they fill their prescription.
We’ve been around long enough to see the birth of the Affordable Care Act (aka Obamacare) and subsequent changes under President Trump. If you watch the news, it seems as if our country is becoming more polarized and it’s hard to get people to agree on anything. However, we’ve found that all Americans seem to agree that affordable healthcare is both a priority and something that we, as a nation, have the capacity to achieve. Regardless of what’s happening in Washington, we are committed to finding solutions that improve access to healthcare for everyone.
As we look to the future, we see reasons for both hope and concern. On the one hand, more and more generic versions of drugs are being released, and many life-changing generic drugs continue to get cheaper. On the other hand, most projections indicate that fewer and fewer Americans will have insurance in the coming years, and people lucky enough to have insurance will still find themselves responsible for a greater share of their medical costs.
Ok, enough reflection. Onwards to $10 billion.
