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  Newsletter
December 15, 2013
 
Important News to Help You Afford Medication:

Why You Should Compare Drug Prices Before Going to the Pharmacy

If you don't compare drug prices before heading to the local pharmacy, you could get blindsided by a prescription drug price spike! The truth is that drug prices change often. Sometimes, if you're lucky, they'll go down - like if a new generic drug is available. Unfortunately, they usually go up; The Health Care Cost Institute reported that brand name drug prices went up a whopping 25% in 2012.

Even worse, prices can double or even triple overnight - or worse. A recent article on Yahoo! Finance shows how one dosage of Irbesartan was suddenly nine times more expensive than other dosages.

So what's the easiest way to prevent being surprised by the price at a pharmacy?

Get prices from every pharmacy you could potentially shop from. For local pharmacies, this generally means calling each pharmacy and asking the price, which can be time consuming. Luckily, it's easy to compare prices for online pharmacies. Sites like PharmacyChecker.com compare prices from a wide variety of international and U.S. pharmacies, and allow you to print out a drug discount card which can help you find a good price at your local pharmacy, especially for generics. Keep in mind that generics are often much less expensive at your local pharmacy than overseas.


Obamacare's Impact on Medicare Part D and the "Donut Hole"

Open enrollment for Medicare Part D is over but you might want take a look at our recent blog post on the future of Part D under Obamacare. The long and short of it is this: closing the donut hole does not mean the end of high drug costs, but thanks to Obamacare, Medicare enrollees can expect some serious savings...if your medication is covered at all. If it's not, read on...

Read more in "The Windy Road To Closing the Donut Hole and the Future of Medicare Part D Under Obamacare."


Using a Mail Order Pharmacy Is Good for Your Health!

We're pleased to report on new research indicating that mail order pharmacies are not only a healthy prescription for your wallet but also for your...well...health! A recent study that compared health outcomes of diabetics who used a mail order pharmacy with those who shopped at a local bricks-and-mortar pharmacy and concluded that mail order pharmacies were associated with lower emergency room visits.

To read a more detailed analysis of the study, check out our blog post on the subject.


Pharma's New Tactics to Keep U.S. Drug Prices High

Despite new waves of generic medicines becoming available and new laws intended to make healthcare more affordable, drug prices remain high. According to Dr. Daniel Hoffman, a blogger on Philly.com, this is thanks in part to the pharmaceutical industry's new legal and economic tactics. By pushing for an unfair playing field in the courts, and preventing consumers from purchasing internationally in a global economy, they make it harder for Americans to access medicine.

You can read our analysis of these tactics here.


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