How to save money on prescription drugs
A new way to save on prescription medications can help patients and their doctors save money and avoid the stress of buying unnecessary prescription drugs, according to a new study.
The new approach involves making purchases that cost less to make and use cheaper prescription drugs at pharmacies.
Dr. James C. Lefebvre, an associate professor at Emory University School of Medicine and a co-author of the study, told Medscape Medical News that the findings “suggest that there’s a need to be thinking about how we can save money” and to be more creative in the purchase process.
“This new approach to purchasing, which is called ‘remedying the pill,’ is a significant step in the right direction,” Lefechvre said.
“If we want to improve the health of the American people, we have to make the best decisions for our patients, but we also have to get the best information for them.
The research shows that we can do both.
This approach to pricing and prescribing can help the public save money by reducing their exposure to unnecessary medication.”
The study, which was published in the Journal of the National Cancer Institute, involved analyzing data from nearly 10,000 U.S. pharmacies from 2007 to 2010.
The study found that when it comes to purchasing medications, pharmacies have a clear advantage over doctors.
In fact, in a survey of nearly 20,000 doctors, half said they were more likely to buy prescription drugs from a pharmacy than a doctor, according a summary of the findings.
“The prescription drug industry is a very profitable industry,” Lattimore said.
He added that this study indicates that the industry is able to generate revenue from the government’s money for medical research.
The cost of a prescription drug can range from $80 for a day of the week to as much as $300 per day, Lattieres said.
According to the study:The average pharmacy spends an average of $3,200 per year to stock prescriptions, according the study.
Pharmacists also have the advantage of being able to order the most expensive medication, which means that the pharmacy can offer lower prices.
The survey also found that patients who had access to cheaper drugs were more willing to pay for prescriptions.
In other words, patients were more open to the idea of paying more for prescription medications, Lefefe said.
“It suggests that there is an opportunity to use cheaper medications for less expensive treatments,” he said.