That discount at the pharmacy counter may pack hidden costs
Summary
Pharmacy coupons offered by drug manufacturers can help patients save money on brand-name prescription drugs, especially for people without insurance. However, for those with commercial insurance, using these coupons can be complicated because they may lead to higher overall costs for insurers and consumers.Key Facts
- Drug manufacturers provide coupons to reduce the cost of brand-name drugs at the pharmacy.
- These coupons differ from discount card services like GoodRx, which negotiate lower prices with drug sellers.
- Coupons encourage patients to choose brand-name drugs over cheaper generic versions.
- Patients with commercial insurance have used fewer manufacturer coupons recently, despite rising drug costs.
- Insurance companies say coupons make them pay for more expensive drugs, raising premiums for everyone.
- Uninsured patients can save money using coupons or programs like the federally funded TrumpRx.
- TrumpRx offers coupons for about 85 drugs, but not all medications have coupon offers there.
- For insured patients, using coupons can be helpful only if the drug is not covered by insurance or when paying cash.
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