Just after my 50th birthday last year, my cholesterol levels were awful. I was very hesitant to take statins due to personal autoimmune conditions plus a family history of adult-onset diabetes and requested time to really clean up my diet. Unfortunately, after three months of eating clean, my levels had gotten worse and a prescription was required.
Oct 11, 2022Congressman Comer investigates PBMs and rising healthcare costs. Here is an inside view from a pharmacy and drug manufacturer
Americans spend more on prescription medications than any other country in the world: an average of approximately $1,300 per person. According to the nonprofit drug pricing research firm 46brooklyn Research, drug list prices are rising steadily each year by 5%. These rising costs are not felt as much by insurance companies and are largely passed onto American citizens through their insurance premiums, copays, taxes, and high out-of-pocket costs.
When it comes to filling your prescriptions, what do you care about most? Price, pharmacy service, fill/delivery time, or convenience? For some people cost is the main deciding factor, and they shop around until they find the best price. Maybe you care more about credibility of the pharmacy and look for the legitimacy when choosing an online pharmacy. Or you value customer relationship and that’s why you’ve been loyal to your local pharmacy for many years. Regardless of the reasons, a good pharmacy should be legit, honest and have the patient-first mindset.
Many online pharmacies have sprung up all over the country lately. They all seem to offer the same thing: low cost, convenience, and fast delivery. So, how do you know which ones are good? More importantly, can you trust them? We compiled a check list to make it easy for you to choose. Use the list below when comparing online pharmacies and make an informed decision.
Drug costs can be inflated with pricing strategies from Pharmacy Benefit Managers (PBMs) who create additional hidden fees and use unethical pricing models.
The pharmaceutical supply chain adopted additional middlemen in the chain many years ago called pharmacy benefit managers (PBMs). PBMs are middlemen negotiators who decide the price of medications (for a fee); this has led to increased medication costs and unethical practices in recent years.
9 out of 10 prescriptions dispenses in the United States (US) are for generic drugs. Generics are considered to be as safe as their branded equivalent. They undergo the same FDA quality inspections that a branded medication needs to go through to ensure they are safe, effective and of high-quality.
New Survey Suggests Getting your Medications in 6- and 12- month Extended Supply may be Better for You. Are you currently taking medication(s) for long durations to manage a chronic condition? Then this article is right for you.
Non-medical switching is often an attempt to reduce the cost insurance companies need to spend on medications to maximize their profits.
PBMs (Pharmacy Benefit Managers) are middlemen of the prescription drug chain and a main factor for driving up your medication cost.
What some people might not realize is that despite the significant investment you make into ensuring you have health insurance coverage, you may still be paying high deductibles or co-pays, even on things that you would think would be covered, like generic medications.
Some daily medications are taken on a long-term basis. If you’re on a long-term medication you may be able to save time and money by filling your medications in longer durations. At Marley Drug, we offer 100s of generic medications in a…
Most of our patients are shocked when they learn how much they can save by paying cash for their medications, rather than using the traditional route of applying their insurance and paying what they felt was a ‘small co-pay’.
Despite generic medications typically costing only pennies to produce, the average co-pay for patients taking generic medications is $10/month. This is due to high insurance co-pays or deductibles, changes to formularies, and hidden pharmacy benefit manager (PBM) fees.
“A generic medicine works in the same way and provides the same clinical benefit as its brand-name version.”— “Generics” is used to describe prescription drugs that contain the same active medical ingredients as the equivalent brand-name drug...
Mary has been on cholesterol medication for a couple of years. She is 68 and sometimes forgets to refill her prescription every 3 months, meaning she can sometimes go without her medication for a few days. She wishes she didn’t have to…
George is 51 years old and is enrolled in a high-deductible health plan (HDHP). George’s deductible is $2500 this year, which means he pays out-of-pocket for the first $2500 of his health expenses. George knows he won’t reach his deductible this year,…