The Wall Street Journal reports, “Retail pharmacies are waging what some consider a generic-drug price war that … reflects the intense competition that drug-store chains face in attracting and keeping customers.” But, this is GREAT news for healthcare consumers.
Over the last few months, reports the Wall Street Journal, “three big pharmacy chains each have unveiled or expanded drug discount programs.
Walgreen this summer started strongly marketing its Prescription Savings Club, which provides discounts on generics and 5,000 branded medications and rebates on store-brand products.”
This fall, CVS “introduced a discount program aimed at the uninsured, offering a 90-day supply of more than 400 generic drugs for $9.99 and a 10 percent discount at the company’s store-based clinics.”
In September, Rite-Aid “rolled out nationally a prescription-savings card offering hundreds of generic drugs at $8.99 for a 30-day supply, or at $15.99 for a 90-day supply.”
Combine these programs with the $4.00 pricing for a month’s worth of many, many generic drugs at Wal-Mart, Target, and K-Mart, and consumers will be saving a ton of dough.
If you have medications that cost you more than $5 per month, even if your co-payment is more than $5 per month, ask you doctor if the medication is available in a generic carried by one of these outlets.
If not, ask your doctor if one of the generics on the list will work as well as the medication he or she has prescribed. Many times the answer will be, “yes,” and it will mean more money in your pocket.