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How To Save Big Money On Meds

How To Save money on your drug purchases

By George Gombossy

First of a series

If you want to save on your prescriptions, you have to first know the games drug firms and retailers play.

First rule, according to Consumer Reports “on Health” is that during the last five years of a patent, drug companies jack up the prices, figuring that they already have a captive audience.

The price increases are substantial. Consumer Reports says it used studies of almost 50 million prescriptions filled in the past five years to come up with its data.

Here are a couple of examples:

Boniva, used to great Osteoporosis. The average price in 2007 was $119 and it increased by 102 percent to $240 this year.

Provigil, used to treat excessive sleepiness. The price in 2007 was $272 while today it costs $1,101, more than 300 percent higher.

So what can you do. As for generics. Also check with your doctor on whether other similar, but cheaper medication would do the same for you.

And, make sure you get at least an on-lin subscription to Consumer Reports and buy their Health newsletter. You can’t spend money more wisely.

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This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

marcy davenport October 16, 2012 at 08:05 PM
If you want to save Big money on meds, go to Medicationcoupons.com. You can get drug coupons for prescription and OTC coupons, plus they offer a free discount drug card that can be used on prescription medication not covered by insurance.

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