Consumers get discounted drugs using the discount prescription cards, but who is funding them? Pharmaceutical Companies, Pharmacies, Insurance, etc.? Basically, there is a transaction fee paid by the pharmacy to the pharmacy benefit manager on all pharmacy transactions normally. These pharmacy discount cards enable consumers to access the PBM-negotiated prices with the pharmacies. For pharmacies, there… [Read More…]
Managing drug costs without insurance can be very challenging for many people. Take Joanne Smith as an example. Joanne is very healthy for her age – she is 87 years old and does not take prescription medications chronically. The only daily medication she takes is a low dose aspirin, just as her mother did at… [Read More…]
Americans over age 65 are taking more medications per person than ever before – seniors are taking an average of 5 prescriptions per person, and this number continues to rise. People over age 65 are also more likely to take medications chronically than younger Americans. With drug prices rising steadily, many seniors are finding that… [Read More…]
The era of healthcare reform is upon us, but the changes it is bringing may not be clear to many Americans. The Affordable Care Act was designed to decrease medical costs for Americans and reduce the exponential increase in healthcare costs, however exerts are finding that the opposite effect may be true when it comes… [Read More…]
Prescription drugs cost more in the United States than in any other country in the world. In 2011, American pharmacies sold an astonishing $228 billion worth of prescription drugs. Why do prescriptions cost so much? It takes millions of dollars for drug companies to research and develop new drugs. After FDA approval, the company still… [Read More…]
Did you know… you are likely overpaying for your prescription medications? With the opaque, confusing pricing system used by the pharmacies, insurance companies, and drug manufacturers, I’m sure this fact doesn’t completely surprise you. But still, check out the below info-graphic from Discount Drug Network to learn about why you’re overpaying for Rx medications and… [Read More…]
If you haven’t yet tried Discount Drug Network’s mobile app for the iPhone, you have to right away! For any of our cardholders carrying a Prescription Discount Card in your wallet but also carrying an iPhone, this app is a no-brainer. You can save on prescription drugs using your mobile phone, and it works exactly… [Read More…]
One question we’ve been getting from many people lately is about what the Rx BIN and GROUP numbers mean on Prescription Discount Cards. You’ll notice that all prescription discount cards utilize Rx BIN and GROUP numbers on the front. Many also feature a Member ID number, which we’ll also explain. Here’s a quick primer on… [Read More…]
Saving money on prescription drugs might seem like a lost cause. Healthcare in general is baffling and no one seems to know exactly how it works. But there’s a cape-clad superhero of savings standing on a rooftop, looking out for you at every turn: we are Discount Drug Network. What exactly does Discount Drug Network… [Read More…]
