How is this true? Pharmacies, drug companies all make buying meds complicated in order to continue to skim as much as they can from the consumer. GoodRx is better than nothing and allows consumers to price compare.
I have filled Drug A for years, had good insurance, and paid $150/mo until my deductible was met
I went in to fill Drug A and cash paid, and have paid sometimes more and sometimes less than the $150/mo depending on the pharmacy.
I used GoodRx and paid $30 for a 3 month supply of Drug A and knew which pharmacy was the cheapest. Even with Good RX, the prices could vary from $30-100
So tell me how GoodRX and the like are not beneficial to consumers. This is the only way to be educated unless you call every pharmacy, ask for the cash price of every drug you have.
Its crazy to me how two Walgreen and CVS using Insurance, cash pay, and good RX can be 100-200% different in prices.
Atleast with good Rx, I can put in the drug and get a list of the prices.
Pharmacies can be transparent but choose not to in order to keep skimming of the ignorant.
Every Pharmacy has a cash Price. They could publish all Cash price online but choose not too because they know market forces would drive prices down and they won't be able to take in $100+ profit from some drugs.
Good RX essentially publishes the "Cash Price" of the pharmacy.
You call it skimming form the ignorant, I’ll call it balancing the books.
Here’s why:
I’ll use Humana Insurance for the shear fact that I absolutely despise that company.
Humana charges the pharmacy $5.00 on EVERY SINGLE CLAIM - and if we fall under the top 20% on compliance we get that plus some back (mind you we are competing with MAIL ORDER PHARMACIES) so they, the insurance company, is putting the requirement on the pharmacy for patient compliance and adherence. If we do not fall under the top 20%, we get a small portion (maybe $3.00) back.. here’s the kicker - we they judge compliance, they don’t say 80% of our patients being compliant - they look at their entire network as a whole and take the top 20% (which in turns means about 92% compliance).
Now, you say $5.00 isn’t a huge problem, but it is when the majority of the claims are for cheap drugs (IE: lisinopril) which they would have normally paid us maybe $2.00 to $3.00 total for it.. they are now taking $5.00 away - thus we are losing (NEGATIVE) $2.00 to $3.00 on the over all transaction...
Wait a minute, did I say that right? Yes, I did.. We are basically giving the drug away for free and then also “loaning” $2.00 to $3.00 to Humana in hopes that we might make a little bit more money...
Utterly ridiculous.
But wait, it gets better - not only do we have to deal with Humana, the others are including Claw backs, DUR fees, etc.
So, my reasoning for charging a cash paying customer $20.00 to $30.00 over the cost of the medication evens my books out to be sustainable..
GoodRx takes away from that very thing.
Mind you, I have a background with an independent - I made my prices reasonable - unlike walgreens and CVS.
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