Tag: Generic Medication

What is a Clawback & How it’s Affecting Your Prescription Copays

Americans may be surprised to learn that they could be paying more for their medications with their insurance copay instead of the cash price available to those without insurance. A study published last week found that Pharmacy Benefit Managers (PBMs) undermine claims that negotiated “rebates” with pharmaceutical companies are passed on to consumers. This follows a federal lawsuit filed over the summer after a California woman paid a $164 copay on a medication that can be purchased for $92 from the same pharmacy by anyone not using insurance. This practice is known as “clawback” and is instituted by PBMs who […]

The Causes for Increased Cost of Medications

Medication prices continue to be a major concern for many Americans.  Recent months have seen a deluge of stories of drugs with $100,000+ price tags.  A 2015 poll found that a third of patients saw a price increase in their medications last year.  The problem is that these price increases have different causes, making it difficult to solve all the issues. With advances in science we have seen development of new, highly successful drugs sometimes costing as much as $1000 per pill.  These prices are often seen as justified when researchers look at the benefits of a curative versus the […]

Introducing $4 Generic Discount Drug Programs

Earlier this year, we announced a project we would be releasing in 2015. After months of work and research, we are now offering information on discount generic medications. These $4 Generic Discount Drug Programs offer 30- or 90-day supplies of prescribed generic medications for prices as low as $4-$15. With over 120 of these programs nationwide, this is the first time information for them is searchable and available in one place.   Using the new resource, one can search for prices for thousands of generic medications as well as programs in their area or national pharmacies such as Walmart, CVS, […]

Introducing GAP: The Generic Assistance Program

NeedyMeds has always been a leading resource for information on patient assistance programs to help cover the costs of brand name drugs. There are hundreds of programs providing free or low-cost brand name medication, but there is yet to be an assistance program to help with the cost of expensive generic drugs. It is a common misconception that generic medications are all inexpensive. The truth is that there are many that cost hundreds of dollars per year, and are essential to the health of many people. With the help of Rx Outreach, the largest non-profit pharmacy in the country, NeedyMeds […]

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Welcome to the NeedyMeds Voice! We look forward to presenting you with timely, provocative pieces on healthcare reform, patient advocacy, medication and healthcare access, and other health-related news. Our goals are to educate, enlighten, and elucidate; together, we will try to make sense of the myriad and ongoing healthcare-related changes in the U.S. today.