low-cost generics

Pay LESS than Your $10 Co-pay for Many Generic Medications!

05 Nov: Pay LESS than Your $10 Co-pay for Many Generic Medications!

  There is an illusion out there that we all subscribe to that insurance saves us money on all of our medication costs. This is NOT the truth. Approximately 20% of Americans take at least five prescription medications per day. In addition, as much as 86% of all prescriptions filled in the U.S. are for generic medications and dozens of these drugs can be bought for less than the insurance co-pay that most people pay. WRAL News Investigates recently aired a segment in which Renee Chou reported on how many pharmacies are charging the $10 co-pay even when generic medications cost less. Are You Getting Ripped Off? If your monthly co-pay is $10, then that seems reasonable. After all, $10…

12 Feb: Harris Teeter joins generic drug discounters

Harris Teeter, the North Carolina-based supermarket chain with 177 stores in the southeastern United States, has matched discount price programs at Wal-Mart, CVS, Target, Walgreens and Kroger, announcing that it is now offering customers a 90-day supply of over 300 generic drugs for $9.99. Customers must purchase a $5 drug savings card, good for one year, to take advantage of the discount. The plan doesn’t apply to prescriptions covered by insurance. We welcome the continuing trend toward low-cost generics. It’s good to see some real price competition over prescription drugs, something that was sorely lacking before Wal-Mart announced its $4 generic drug program. Unfortunately, the millions of Americans who are struggling to pay their prescription drug bills each month know…

03 Oct: The Wal-Mart effect

Even though pharmacy giants like CVS and Walgreens have denied that Wal-Mart’s $4 drug plan has affected sales, Walgreens stock has slumped by 15 percent, and the chain has announced lower-than-expected third quarter earnings. According to Peter Rost at Brandweek NRX, weaker margins on generic drugs were the reason for the slump. Peter also says that Wal-Mart has “just started wreaking havoc in the drug market. Target and others followed. Nothing will be the same. Watch as the old stalwarts try to keep prices high, until they finally bite the dust.” Wal-Mart said Sept. 27 it would increase the number of generic medications covered by its plan to 361.