Understanding The Cost Of Prescription Drugs

| Total Words: 368

The Internet has revolutionized a consumer’s ability to research personal health issues and independently discover the available options of finding more affordable ways of obtaining his or her medications.

For the millions of Americans who have prescription drug plans as part of their health insurance, the actual cost of medications is somewhat obscured by the co-payment–usually a nominal fee compared to the actual cost of the drug.

But for the millions of Americans who don’t have access to prescription coverage, who must pay for their medications out of pocket, there is a crucial piece of knowledge that can save them a lot of money: The cost of prescription drugs varies from pharmacy to pharmacy. And in many cases, Internet-based pharmacies can offer even lower costs. For example, a recent survey showed that Walgreens was selling Plavix (75 mg, 90 tablets) for $405.09. SmartChoiceDrugstore.com sold the exact same drug and quantity for $353.49.

According to data collected by SmartChoice, Americans pay more for their prescription drugs than people in other countries. The reason is that pharmaceutical manufacturers sell at much higher...

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