Skyrocketing healthcare costs have put most people on the brink of smuggling drugs from outside or doing away with treatment completely. In fact, prescription drugs in the US are around 2.5 times higher than in other western countries. This means Americans spend more money on drugs than anyone else in the world.
It’s no secret, pharmaceutical drugs are expensive, but is there a way around the inherent exorbitant cost of these prescription drugs? We’re talking stuff like coupons, savings cards, or even prescription drug discounts; anything to save a buck on your prescription drug spending.
If you’re looking for ways to cut down your prescription drugs budget, you’re in the right place. That’s because today, we’ll be looking at the best ways to get discounts on pharmaceutical drugs.
1. Buy Generic Versions of Pharmaceutical Drugs
To most people, generic drugs are synonymous with fake or counterfeit drugs, but that’s far from the truth. Generic drugs are drugs from various manufacturers with the same active ingredients as branded drugs. This means that they will have the same effect as the “original” drug on your body.
Off-brand drugs tend to be a lot cheaper than brand-name drugs, especially if you buy them in bulk. Brand-name drugs are more expensive because the producers have to go through a lengthy development process to get the drug. The producers must upsell the drug to recoup what they spent on developing the drug.
Once the producer’s patent expires, other manufacturers are free to mass-produce the same drug. They will then sell the same drugs at competitive prices to win over the consumer market. Consider buying generic drugs to save some cash when purchasing prescription medication.
2. Find a Coupon
In a bid to woo customers, drug manufacturers offer coupons for their drugs, especially when new to the market. In most cases, you’ll have to meet specific criteria before qualifying for a coupon. For instance, you’ll need to have a particular medical insurance cover or show proof of a certain condition to be eligible for a coupon.
While coupons are a great way to save money on pharmaceutical drugs, not everyone can get them. As such, it may not be a viable solution for everybody. However, you can never go wrong with in-store coupons by pharmacies looking to entice their customers.
3. Compare Prices and Hunt for Drug Discounts
As of 2020, the U.S. pharmaceutical industry, better known as Big Pharma, was worth a staggering $405 billion. This vast market is also a hotbed for competition, with every company trying to get the edge over its competitor. That much competition translates to competitive prices to attract potential customers.
This means if you do your digging, you’ll find pharmacies that sell prescription drugs for a lot less than others. The million-dollar question thus becomes, what’s the best way to compare drug prices? If you guessed online shopping, you’re absolutely right.
Gone are the days when you had to walk to the pharmacy to get your prescription drugs. These days, you can buy drugs from your PC or smartphone and have them delivered to your doorstep. The internet is also the best platform for comparing drug prices from different vendors and picking the most cost-effective option.
In there, you’ll find vendors with incredible offers and RX discounts that you can take advantage of. However, it’s a good idea to check out reviews of any vendor before buying drugs from them. Some vendors are notorious for selling counterfeit prescription drugs, hence the low price.
4. Join a Prescription Assistance Program
Prescription assistance programs or PAPs are special programs by pharmaceutical manufacturers, local governments, and non-profit organizations for poor and low-income families. This program cushions people who can’t afford prescription drugs from exorbitant prices.
There are many types of PAPs offered by different organizations. If you’re having trouble affording prescription medication, consider applying for one. You can also apply for a PAP if you don’t have comprehensive medical insurance.
5. Consider a Different Drug
If you think that you can’t afford a specific prescription drug, try liaising with your physician to prescribe cheaper alternatives. Medical experts want the best for you and will likely prescribe the most effective and fast-acting drug available. Unfortunately, these drugs also happen to be the most expensive of the lot.
Find the courage to tell your doctor about your current financial situation. Ask your doctor if they can prescribe cheaper alternatives of the same type of medicine. They’ll give you some good recommendations for generic drugs that cost far less than popular brand names.
Physicians will assume you’re okay with the costly drugs because your insurance covers them. Feel free to ask the doctor whether any affordable prescriptions are available. They should be able to find other pocket-friendly alternatives for you.
6. Consider a Three-Months Supply
If you have to take your medicine every day or twice a day, consider buying a three-month supply. Buying your medication in bulk is not only cheaper but also a lot more convenient. If you need pills for your blood pressure or convulsions, then bulk supply is the way to go.
7. Buy Your Drugs Online
As mentioned earlier, the internet is the best place to buy drugs because of the variety, and it’s easier to compare prices. There are plenty of online drug benefits, but the most significant one is their affordability. The internet is a great place to find deals on prescription drugs and help you save a bundle in medication costs.
Finding Prescription Drug Discounts Made Easy
The above information should make finding prescription drug discounts a breeze. With all the benefits of online drugs, make sure you start your shopping there. Also, be sure to explore all your options before settling for a pharmacy to buy your medication.
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