From prevention of drug counterfeiting to managing data loss in natural disasters, startups across the country are using blockchain technology to fix problems that have plagued the healthcare system for decades.
One quarter of surveyed Americans report that they, or someone in their family, have skipped vital medical care because of the cost. The recent survey also revealed that more than half of those who responded worry about not being able to afford health insurance.
It’s a hectic time for anyone trying to predict what will happen to their family’s healthcare costs. Every conceivable think tank, group, association and committee seems to have an opinion, and many ScriptSave WellRx members are wondering (and worrying) about who to believe. One thing seems to be certain – change is coming. For some, it’ll be well received, while others may be worse for the change.
According to a recent study, 43 percent of adults with health insurance report problems affording their deductible, and 29 percent say they have difficulty paying medical bills. Among those citing trouble paying their medical bills, more than 70 percent have cut back on vacations, spending on food, clothing or basic household items.
Always ask, “What’s the Ca$h Price?” Always show your ScriptSave WellRx card The ScriptSave® WellRx Facebook page sees a lot of interaction…and we love getting questions. By far the most common questions and comments are those related to insurance. “Can I use ScriptSave WellRx with my insurance?” “How does it work if it’s not insurance?” “I have insurance, so your card isn’t for me.” For the record, not only is that last one a misconception, it’s also a fast-track to over-paying for your meds (and it’s the starting point for this blog post).
Lowering prescription costs is what we do every day at ScriptSave® WellRx. In fact, the average savings rate among our members for 2016 was 45%, and some members even saw savings as much as 80%. So, when we read a February 2017 press release from health network pioneers, PatientsLikeMe, citing the following stats, it certainly grabbed our attention:
With annual price tags topping $100,000 for some new drugs for cancer and rare diseases, many patients have not been able to afford their medicines. Massive price hikes on old products, like Mylan’s EpiPen emergency allergy injectors, have also left some patients struggling to afford their drugs.
The Affordable Care Act required insurance companies provide women with access to preventive services—which, includes everything from mammograms to cervical cancer screening, and includes birth control—with no cost-sharing. Under the ACA, this meant women did not have to pay up to $60 a month for the Pill or hundreds of dollars for an IUD. Research from the Kaiser Family Foundation shows that since 2012, there’s been a drop in what we’ve spent on retail drugs. Oral contraceptive pills account for 63 percent of that drop. In other words, prescription savings on the Pill totals more than half of all the money saved on drugs since the ACA was established.
The Congressional Budget Office has analyzed the effects of healthcare repeal, and estimates 22 million Americans will lose health coverage if a repeal plan, like the one passed in 2015 by Congress, were to become law. With the loss of insurance coverage, many patients will no longer be able to afford the prescription medicines they need to stay healthy. Medicare and Medicaid enrollees may also see the stresses of change with possible increases in premiums and deductibles. ScriptSave® WellRx can help.
Are you spending too much on your prescription medications? It’s staggering, we get it. There are a lot of companies in the discount prescription space, so who do you trust? How do prescription saving cards work? We hope this will help explain how it works and how you can save on your medications.
Nancy went to the pharmacy to pick up her medications and was shocked when she heard her total was $211 for her medications. It has become more and more difficult to put the words “affordable” and “healthcare” in the same sentence. Prescription medications composed 16.7% of all U.S. healthcare spending in 2015.
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Prescription prices may vary from pharmacy to pharmacy and are subject to change. The pricing estimates given are based on the most recent information available and may change based on when you actually fill your prescription at the pharmacy.
DISCOUNT ONLY - NOT INSURANCE. Discounts are available exclusively through participating pharmacies. The range of the discounts will vary depending on the type of prescription and the pharmacy chosen. This program does not make payments directly to pharmacies. Members are required to pay for all prescription purchases. Cannot be used in conjunction with insurance. You may contact customer care anytime with questions or concerns, to cancel your registration, or to obtain further information. This program is administered by Medical Security Card Company, LLC, Tucson, AZ.
*Average and up to savings percentages are based on all discounted prescriptions that were run through the WellRx program in 2020. Discount percentages represent savings provided off of pharmacies’ retail prices for consumers who do not have a discount program and pay cash.
The day supply is based upon the average dispensing patterns for the specific drug and strength. The Program, as well as the prices and the list of covered drugs, can be modified at any time without notice.
Medical Security Card Company, LLC All Rights Reserved