How to save money on prescription drugs. - NBCNewsBETTER
. Not necessarily. Sometimes, because of high deductibles or high co-pays, it’s cheaper to skip the insurance and pay the retail price.
Insurance companies routinely make changes to their coverage. They decide to reduce or eliminate coverage on certain drugs. This can result in sticker shock at the pharmacy counter. A recent survey of 250 pharmacies in 12 states by the U.S. Public Interest Research Group found that “the majority of pharmacies are selling common medications at vastly inflated prices — averaging almost nine times the cheapest available price.”Lantus Solostar insulin injector pens : Most pharmacies sold the set of five pens for $445 a month, but it was available for $96 — same drug, same dose — for $349 less. That would result in a yearly savings of $4,185.
“The major lesson learned: There is a wide variation in prescription drug prices — both brand and generic — and depending on where you shop could mean a tremendous amount of money — cost or savings during the course of a year,” said Lance Kilpatrick, high value health care campaign director with U.S. PIRG."And surprisingly, small and independent pharmacies tended to be less expensive than large chains.
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