Save Money With Free Prescription Discount Cards
Prescription medication costs Americans about $1,200 per person per year, more than any other country in the world. We pay more than any other developed country. Cancer drugs cost on average $10,000 per month, insulin up to $1,200 per month. The biggest difference between the United States and the rest of the world is the high cost of medicine. In the last decade even prices for old drugs have risen sharply, as pharmaceutical companies face no competition and prices are not negotiated or regulated.
Why Are We Paying So Much For Medicine
In the United States medication prices are not regulated. In Europe, which is the second largest pharmaceutical market, the government negotiates directly with drugmakers to limit what they pay for drugs. Many of the cancer medications used widely in the United States are refused by the United Kingdom’s National Health Service as they do not constitute value for money. Because there is no regulation on drug prices in the United States, the big pharmaceutical companies can charge what they want.
Prices Keep Going Up On Prescription Medication
The sky's the limit. If you are fortunate to have health insurance that covers prescription drug costs, you will still pay about 14% out of pocket. So if you are a type 1 Diabetic, your costs would be about $2016 per year out of pocket. The average Medicare patient pays $4,200 a year for medication. That is four months of average monthly benefits. What is worse, the pharmaceutical industry was successful in their lobby to prohibit the federal government to allow Medicare to negotiate drug prices which many private companies do. They must pay the price big pharma charges.
For The Uninsured, Medicine Is Cost-Prohibitive
Half of Americans feel that drug prices in America are out of control. This is especially true for those Americans who do not have insurance. 27.5 million Americans do not have healthcare. About one quarter of Americans state they have trouble paying for their prescription medication. Minorities suffer the most as 9.7 percent of African Americans and 17.8 percent of Hispanics lack coverage, compared to 5.4 percent of white, non-hispanic people. According to the Kaiser Family Foundation a non-profit organization focused on health issues, one in four Americans have trouble paying for their prescription medication. Many uninsured have skipped or rationed their prescription medications, substituted cheaper over the counter drugs or sought out other methods. As a result, more than 13% of American adults, about 34 million people know of one family member or friend who has died after not receiving the treatment they need, due to inability to pay.
Even With Health Insurance, People Are Struggling To Pay For Prescriptions.
In American, 60% of the population has some form of health insurance. Average cost of medicine per year for people with health insurance runs between $4,500 to $7,000 per year. As we get older, we require more medication that even with insurance can be unaffordable. When it comes to people with health insurance researchers found the following:
- One third of people with health insurance do not purchase a prescription one or more times.
- 52% of those interviewed saw no change in their medication but the prices went up.
- One fifth (18.8%) have used their savings to pay for medication and 12% did not have a safety account to tap into About 18% had to borrow money from family friends or filed bankruptcy
Financial strain is leading consumers to choose between their medications and basic necessities, with 18 percent reporting food and housing insecurities as a result of having to pay for prescriptions. For those who are struggling there is some help available and that is free prescription discount cards.
Saving Money With Free Prescription Discount Cards
There is one sign of hope on the horizon when it comes to paying for outrageously priced medication. According to Xtelligent Healthcare Media, a company focused on trends in the healthcare industry, almost 40% of people struggling to pay their prescription medication use a discount card or coupon to afford their prescriptions. This has been a major plus, not just for the uninsured but also those with health insurance.
How Do Free Prescription Discount Cards Work?
Most Americans when shopping for household items, cars, clothing and other necessities shop around. Many peruse the internet to determine just who has the best price. Why shouldn’t you be able to do so with your medicine? You may know that you can ask your doctor to prescribe the generic form of the medication to save money and you can ask for a smaller dosage if the issue is short term. However your best bet is getting a good, free prescription discount card.
Prescription discount cards are also known as prescription savings cards, and pharmacy savings cards and are offered by several companies. This is a free card that allows you to save money on certain medications. This is done by pharmacy benefit managers (PBM) negotiating with the pharmacies directly instead of big pharma. You may be wondering why pharmacies would agree to charge less and as a result see less profit. Much like the old saying “half a loaf is better than none”, pharmacists are well aware of the number of people who walk away without filling their prescription due to the cost. This means no profit at all for the pharmacy. So pharmacists would rather charge less, knowing they would make a sale and the customer may even pick up a few items while they are waiting.
Can You Use A Pharmacy Card
If You Have Insurance The simple answer is yes. However you cannot use both together. Say you are looking for Lovastatin for your cholesterol. Your co-pay may be $15, but your pharmacy card price for Lovastatin is only $7.42. In this case you would use your free prescription discount card.
When looking for your prescription discount card, you need to make sure that it has as many options as possible. At USA Rx, our card is accepted at over 60,000 pharmacies, requires no paperwork or deductibles. USA Rx card is 100% free and covers your entire family. And it is so simple, just get to the website or download our mobile app, enter your name and email and since the card is pre-activated, print it out and use it. It’s that simple. You deserve to be able to get the medication you need to get well and at USA Rx we can make that happen.