BetterRxCard


Saving Consumers Time and Money on Prescription Drug Costs

Floridians are Setting a New Trend in Preventative Care

by BetterRxCard 3. March 2011 01:11

First, the one-two punch that brought us down…

 

The December 2007 recession contributed to a dramatic rise in unemployment in the United States, leaving many people without benefits and – as a result – proper medical care. Floridians were hit particularly hard as the state went from a 3.8% to a 12% rate of unemployment over the last decade. Combine that with the BP oil spill on April 20, 2011 and you’ve got declining incomes in the Southern United States due to lack of tourism – the prime economic-boosting industry in the state. In short, those that were working, were working harder for less money.

 

Meanwhile, the health care industry is faced with an increase in chronic conditions among adults – partially due to individuals lacking the ability to afford preventative care – resulting in greater spending by employers trying to cover the ongoing costs in the form of benefits.

 

With both insured and uninsured Floridians being unable to take preventative steps in their own health and well-being, this lack of care eventually translates into more doctor’s visits, hospitalization and an overall increase in both physical problems and medical costs – Costs which could have been prevented had that patient been able to get the prescription drugs that they needed before the problem escalated.

 

Making a comeback in the fifth round…


What people may not know is that from 1999-2005, America saw a drop in the cost of prescriptions due to generic drugs being introduced on the market and insurance companies offering tiered co-pays. Our overall spending went from 18% to 6%.

 

Then, In 2006, that rate went back up to 9% due to designer drugs and better medications to replace those with potentially harmful long-term side-effects. More expensive, yes, but still better overall because now we have the potential of more effective, generic drugs available at a fraction of the cost.

 

According to the Kaiser Family Foundation, approximately 80% of drugs currently have a generic equivalent. If that’s the case, why aren’t we using them?


This brings us back to what we’ve been saying all along – the BetterRxCard discount drug program provides an alternative to high-cost drugs, and Equivameds can help find the generic equivalent to otherwise expensive designer medications. Now, employers, the insured and the uninsured can afford benefits that include better quality preventative drugs.

 

Reduced Spending = Preventative Care = Healthier Floridians


See the trend?

Hey, Brazoria County! Your Free Prescription Card is on the Way

by BetterRxCard 21. February 2011 18:34

Brazoria County Tax Assessor-Collector Ro’Vin Garrett announced she has begun mailing the BetterRxCard to county residents. Now, Brazoria residents can save money on prescription drugs at local pharmacies and find lower-cost drug options through our online EquivaMeds service.

 “It is important for our residents to look for these cards within their motor vehicle registration renewal and not throw them away. This card could save them a lot of money,” says Garrett.

Remember, one card may be used by an entire family, there are no income prerequisites and no spending requirements.

In December, 1,500 residents tried the card and 1,100 saved an average of $25 per prescription just by handing it to the pharmacist at the checkout counter.

Approximately 1,000 cards will be mailed out weekly until all 102,000 residents receive their card. Please contact us, if you need more information.

About ... Genuity Group

For years, Genuity Group has been engaged in finding new ways to save money on prescription drugs by blending technology with patients needs and doctor and pharmacist requirements. Along the way we learnd a lot! We used that knowledge to  created new, innovative ways to help consumers and employers save money on prescription drugs.

 

In 2006, we created a new technology that would save millions of dollars off the cost of brand name drugs for self-insured employers and consumers. That technology, called EquivaMeds, is a patent-pending tool that has averaged more than $700 per year in savings for consumers nationwide – nearly four times more savings than is possible with a traditional discount drug card.

 

In 2009, we introduced BetterRxCard, a discount drug card program that not only provided the best discounts available for consumers when insurance wasn't an option, but it also provides a way to save on expensive brand name drugs.



Now I we're sharing some of what I've learned here.  Sure, we'll talk about projects we're working on, like the BetterRxCard and EquivaMeds.  But there are other ways out there to save and many other things to consider when you are in a position that you need to find the facts and make a decision.  I hope we provide some of the information to help you, one of the  58% of Americans that have some form of monthly prescription drug cost, save money.

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