Insurance Company Inflating Drug Prices

[retread]

No longer on the WallyMart $4/$10 list as of @ 1 yr ago.

I was not aware of WalMart dropping simvastatin... I get mine from HyVee at that price and HyVee is one of the competitors of the WalMart $4 drug program. I don't tell my clients to go to WalMart, but any major chain pharmacy that competes with the WalMart $4 program, including KMart, CVS, etc. but especially the Grocery Store pharmacies... You kill two birds with one stone if you get your generics at the Grocery Store pharmacy because you don't have to make a special trip to the Drug Store.

 

[alphawave2k]

I've been trying to help my clients with prescription coverage for 2010. Some of my clients are sending me their printouts from the pharmacy showing the discounted retail price that a particular insurance company is giving and then what their copay is with that insurance company.

Any thoughts?

This not only applies to the Medicare market, but also to major health insurance co-pays as well.. I read somewhere...can't remember where exactly.... an article discussing this very issue. The "fraud" or negligence comes also from the retailer...they will charge the higher co-pay cost which for some generics even if it's more than if purchased with cash.
The client should always ask what the cash price would be for that particular drug, and then decide best way to purchase.
Yes, I think it's unethical specially in dealing with seniors, but all the way around. Shame on all these guys.
Alph-red-o

 

[Graham]

So if anyone is not selling a part D to your clients what are you telling them to do for drug coverage? Just curious what other options people may be using.

 

[bobson]

Let the drug experts help them... the Pharmacists.