Major drug companies are more and more frequently turning to drug coupons to help customers pay for prescriptions. These coupons offer good savings on pricey brand name drugs and are readily available on the websites of major drug companies.
Drug Coupons or Prescription Discount Card?
However, many physicians want consumers to stay away from these coupons. Why? Physician Kevin Pho, who runs the popular and influential blog KevinMD, warns patients that many of the drug coupons simply lower the co-payments that users must pay. So while patients owe less at the pharmacy, their insurance company has to pay more for the drugs, leading to higher premiums for customers. Why does this matter? Pho cites a Pharmaceutical Care Management Association (PCMA) study showing drug coupons increasing healthcare spending by $32 billion in the next ten years. In the end, the drug coupon doesn’t save patients any money.
Drug coupons also only provide savings for a limited amount of time, before users are stuck paying full price on expensive brand name drugs. David Schultz of Kaiser Health News explains that consumers are caught in the crossfire of a battle between big pharma companies and insurance companies.
Unfortunately, many people confuse prescription discount cards with manufacturer’s drug coupons. It is important to know that Discount Drug Network’s prescription discount card is not a manufacturer’s drug coupon!
First of all, Discount Drug Network is not affiliated with any pharmaceutical company. If you use our card on a certain medication, we don’t get any kickback from the maker of the drug. Accordingly, you can use the prescription discount card to get a discount on every drug that is approved by the FDA. Manufacturer’s drug coupons can only be used on a specific drug. The prescription discount card can be used on any drug.
Rather than try to push you towards a particular drug, Discount Drug Network offers savings on all your medication needs. We’re here to save you money over the long-term, not hook you on a discounted drug and then raise the price. In a rough economic world, sometimes you need a helping hand…so count on us to be there for you!