Paying Too Much for Drugs?

Prescriptions are the fastest growing component of health care costs in the United States. Prescription drug costs accounted for approximately 10.1% of the United States health care expenditures in 2006 and are expected to increase to above 11% in 2016.
The United States Centers for Medicare and Medicaid

Pharmacy Benefit Managers

Within the drug industry and virtually invisible to the average American is a highly specialized, but small group of companies known as Pharmacy Benefit Managers (PBM).

The 60 or so PBM’s are placed right in the middle between the drug manufacturers, the pharmacies and the health insurance companies. These PBM’s have a direct effect on what you pay for prescription drugs anywhere in America.

The PBM’s contract with managed care organizations, self-insured employers, insurance companies, unions and federal, state and local government entities to provide managed prescription drug benefits. The PBM’s negotiate with the drug manufactures to get the lowest possible price for their clients.

Why is this important?

• Roughly 95% of all patients with drug coverage receive benefits through a PBM.
• PBM’s manage over 70% of the more than 3 billion prescriptions dispensed in the United States each year.
• PBM’s manage pharmacy benefits for nearly 200 million Americans, including 65% of the country’s seniors.
• PricewaterhouseCoopers estimates that, on average, pharmacy benefit management reduces prescription drug costs by 25% compared to retail purchases with no PBM support.

With PBM support you pay the lowest possible price for your prescriptions, without it you pay the highest-- it is that simple.

The Alternative to Paying More

The RxSavercard is a pharmacy discount card that is issued with the knowledge, understanding and support of a national PBM company. When you present the card at any of the 63,000 participating pharmacies in America you too will come under the purchasing agreements of the PBM and pay the lower prices on any FDA approved drugs just like the largest organizations in America.