If this is against board rules please delete. Just thought a lot of the users here would like to have other options. I know my older family members are thrilled.
OT: Mark Cuban develops affordable generic drug company that's up and running now
- Thread starter PSUJam
- Start date
For those with sh!tty prescription plans that are on fixed incomes, it's certainly a help.
My wife just now told me that the basic idea is to sell at 15% above cost.
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Just did a quick comparison of the meds that I take that they carry, and here's the CostPlus price vs my co-pay with my insurance for a 30 day supply.
Metformin: $4.50 $0.43
Lisinopril / HCTZ: $4.50 $0.16
Levothyroxine: $4.20 $0.61
Atorvastatin: $3.60 $0.00
Two things to consider:
1) Their price is for the lowest strength script and I don't know what strength all of mine are compared to the lowest.
2) I don't know exactly how much of my monthly insurance premiums are spent on my prescription coverage. Could actually be that I am paying more out of my pocket for these meds through my insurance than the CostPlus price.
At first glance, I'd say that their prices are pretty damn good. My biggest prescription costs are for my insulins, but between my insurance, plus the manufacturers discount cards makes it around $1000 a year not counting my insurance premiums. If I were to have to pay the list price, I'd be shelling just under $30,000 a year for my insulin. Since the manufacturers all offer discount cards that you just have to renew every year or two, I'm not even sure what the purpose of the list price is.
Metformin: $4.50 $0.43
Lisinopril / HCTZ: $4.50 $0.16
Levothyroxine: $4.20 $0.61
Atorvastatin: $3.60 $0.00
Two things to consider:
1) Their price is for the lowest strength script and I don't know what strength all of mine are compared to the lowest.
2) I don't know exactly how much of my monthly insurance premiums are spent on my prescription coverage. Could actually be that I am paying more out of my pocket for these meds through my insurance than the CostPlus price.
At first glance, I'd say that their prices are pretty damn good. My biggest prescription costs are for my insulins, but between my insurance, plus the manufacturers discount cards makes it around $1000 a year not counting my insurance premiums. If I were to have to pay the list price, I'd be shelling just under $30,000 a year for my insulin. Since the manufacturers all offer discount cards that you just have to renew every year or two, I'm not even sure what the purpose of the list price is.