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Discount Cards Offer Little To No Benefit

June 23, 2010 By: Nadia Category: HealthCare, Medtipster, Prescription News, Prescription Savings

Search the internet and you will find hundreds of companies offering pharmacy discounts cards. We looked at several and found alarming results.

All of the pharmacy discount cards we investigated boasted agressive pharmacy discounts.  Let’s define “agressive”:

Half of the discount cards offered an average 12% brand drug discount. The other half cost more than the pharmacy’s cash price.

Nearly 90% of the discount cards had a generic drug price that was higher than the pharmacy’s cash price.

The 10% that had value offered pennys in savings at best.

One of the better cards was offered by the National Association of Counties.  The example below highlights the NACO’s discounted price for frequently utilized Simvastatin 40mg (Generic Zocor).

Comparing NACO’s mail order price to the prices found on www.Medtipster.com were amusing for us, but will most likely be upsetting to anyone whom has one of these NACO discount cards.

Bottom-line: Make sure you pay nothing for these cards and perhaps consider even using them at all.

See example below:

Prices Rising For Brand-Name Drugs In Coverage Gap

March 18, 2010 By: Nadia Category: Medicine Advice, Medtipster, Prescription News, Prescription Savings

Medtipster Source:  The Henry J. Kaiser Family Foundation – www.kff.org
Medicare Part D 2010 Data Spotlight: Prices for Brand-Name Drugs in the Coverage Gap
This analysis finds prices for some commonly used brand-name drugs rising in 2010 for beneficiaries who reach the coverage gap (or “doughnut hole”), with increases since 2006 far exceeding the growth in inflation.

The Part D benefit’s coverage gap generally requires enrollees to pay the full cost of their drugs after their total drug spending exceeds their initial coverage limit ($2,830 in 2010) until they reach the threshold for receiving catastrophic coverage ($6,440 in 2010).  In 2007, an estimated 3.4 million Part D enrollees reached the coverage gap.

Using data posted on the government’s Medicare.gov website, the analysis looks at prices for commonly used brand-name drugs without a generic substitute for enrollees in stand-alone prescription drug plans.  The prices reflect the amount that enrollees would pay for a 30-day supply after they reach the coverage gap and before catastrophic coverage begins.  

The spotlight is one in a series analyzing key aspects of the Medicare Part D drug plans that will be available to beneficiaries in 2010. These spotlights were prepared by a team of researchers at Georgetown University, NORC and the Kaiser Family Foundation.

Find generic equivalants and alternatives for commonly used brand-name drugs at www.medtipster.com.
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