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Prescription Drugs - How To Safely Save Money
The Attorney General provides Consumer Alerts to inform the public of unfair, misleading, or deceptive business practices, and to provide information and guidance on other issues of concern. Consumer Alerts are not legal advice, legal authority, or a binding legal opinion from the Department of Attorney General.
HOW TO SAFELY SAVE MONEY ON PRESCRIPTION DRUGS
You can enjoy substantial savings by comparison shopping for prescription drugs. Checking websites or making a few phone calls can make a big difference in what you pay for prescription drugs. Past surveys done by the office illustrate that prices for the same prescription drug differed by as much as $500 between pharmacies.
Large prices differences are not unique to Michigan, one national study of commonly prescribed drugs found substantial pricing differences, even within the same chain store.
WORK WITH PHARMACIST TO AVOID HARMFUL INTERACTIONS
It is important to keep track of the medications you are taking in order to avoid potentially harmful interactions. If you decide to shop at more than one pharmacy, be sure that you inform all of your pharmacists of all the drugs and supplements that you are taking. Also, consult with your pharmacist about dosages and interactions. Every year, over 18 million people visit emergency rooms because they have taken medication incorrectly.
RESEARCH PRESCRIPTION DRUG SAFETY AND EFFECTIVENESS
To research the safety and effectiveness of prescription drugs, in addition to consulting with your pharmacist, you can visit Consumer Reports Health.Org website at www.consumerreports.org/health/home.htm. You can also visit Consumer Reports "Best Buy Drugs" prescription drug education program, at http://www.consumerreports.org/health/best-buy-drugs/index.htm, which provides in-depth reports for consumers on 20 categories of drugs used to treat 35 major medical illnesses and conditions, including high cholesterol, high blood pressure, diabetes, heart disease, depression, insomnia, and asthma.
MICHIGAN LAW REQUIRES DISCLOSURE OF DRUG PRICES
Michigan law requires a pharmacist to tell consumers -- in person and over the phone -- the cost of a prescription drug. Asking for cost information does not obligate a consumer to buy from any particular pharmacy. MCL 333.17757.
Additionally, every pharmacy must conspicuously display at each counter over which prescription drugs are dispensed written notice of the consumer's right to prescription drug cost information. Pharmacies must also inform consumers that they do not have to purchase their prescriptions at that pharmacy, and they can use the price information to comparison shop.
Compare Prices on the Michigan Rx Price Finder website
Comparison shop by visiting Michigan's Rx Price Finder at www.michigandrugprices.com. The Rx Price Finder allows consumers to view prices on 150 commonly prescribed prescription drugs as purchased by uninsured consumers under the Medicaid program. The website allows you to search for information on a particular drug by geographic region.
Searches on the Rx Price Finder show that prices for the same drugs can vary from pharmacy to pharmacy by as much as 500 percent. In Grand Rapids, for example, one pharmacy priced Trazodone (a generic for Desyrel) at $6.00 while another priced it at $36.50!
Prices for prescription drugs change frequently, even daily. The prices on the Rx Price Finder website reflect the price of the day the last prescription was filled and billed to the Michigan Medicaid Program. Also, consumers with insurance coverage may receive a lower price than that shown on Rx Price Finder because insured consumers' drug prices are often negotiated through discount volume purchases. When planning a purchase, after you view prices on Rx Price Finder, you should contact pharmacies directly to determine current pricing information.
DISCOUNT DRUG SELLERS
Selecting "Discount Drugs," from the www.Michigandrugprices.com homepage accesses an extensive list of steeply discounted drugs available at Kmart, Kroger, Sam's, Target, Walgreens, and Walmart. These retailers sell many generic drugs for $4 for a 30-day supply or $10 for a 90-day supply. Walgreens sells 90-day supplies for many generics for $12.99. You may search the discount drug sellers' portion of the website by retailer or drug category.
COMPARISON SHOP ONLINE PHARMACIES' PRICES
Using Destination Rx, at http://www.destinationrx.com/cdh.aspx, you can compare prices for many prescription drugs offered through online pharmacies such as Walmart, Drugstore.com, and RxUSA.com. You can view Costco online prescription drug prices by going to www.costco.com, selecting "pharmacy," and then selecting "drug pricing". Another online pharmacy, Familymeds.com, also provides prescription drug prices at http://www.familymeds.com/.
WHAT ELSE CAN CONSUMERS DO?
To save money on prescription drugs, consider the following:
Consumers may contact the Attorney General's Consumer Protection Division at:
Consumer Protection Division
Toll free: 877-765-8388
www.michigan.gov/ag (online complaint form)
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