‘Real Money’: Save Money on Prescription Drugs

By ABC News

Feb 25, 2013 5:42pm
abc real money faris tk 130225 wblog Real Money: Save Money on Prescription Drugs

ABC News' Paul Faris sat down with health care advocate Michelle Katz to help a family from Lake Worth, Fla., save money on its prescription medications. (Image Credit: ABC News)

ABC News’ Paula Faris reports:

Of the 47.9 percent of Americans who take prescription drugs, according to the U.S. Centers for Disease Control and Prevention, most would like to save on their monthly medication bill.

Cari and Andrew of Lake Worth, Fla., who asked that their last names not be used to protect their privacy, certainly fall into that  category.

Cari has Crohn’s disease and requires monthly infusions. Additionally, her son Jared is on a growth hormone, and other members of the family take medicine for high cholesterol and high blood pressure. When the couple’s  insurance company recently pulled the plug on some of their prescription drug coverage, they were facing a $20,000 monthly bill.

To help Cari and Andrew save money on their prescriptions, ABC News brought in Michelle Katz.  Katz is a health care advocate, nurse and author of “Healthcare for Less: Getting the Care You Need Without Breaking the Bank” and “Life Tips: 101 Health Insurance Tips.”

Want to learn how to slash those prescription drug bills? Join Katz in a Twitter chat at 7 p.m. ET today. Check it out here: @michellekatzmsn #RealMoney or www.facebook.com/healthcareforless

1.   Check your bill, like you would at a restaurant.

Believe it or not, there are codes for your drugs, and billing departments often get them wrong. In seconds, ABC News found one of those wrong codes on Cari and Andrew’s  bill. The couple were  being charged for a higher priced drug. Fixing the code immediately saved them $1,200.

2.   Arm yourself with the Low RX App.

Did you know that drug prices fluctuate like gas prices? The app tells you what the average cost is for a particular drug and its generic, and arms you with the phone numbers of every pharmacy in your area. You can call other pharmacies to comparison shop.  The app also shows discounts.

“You can get up to 75 percent off in some cases,” said Katz.

3.   Go to big wholesalers, even if you’re not a member.

The Low RX app told ABC News to go to Costco, and as it turned out,  by law you could buy your prescription drugs there even if you weren’t a member. ABC News found one of Cari’s drugs at Costco for $100 less than elsewhere.

4.   Negotiate.

If you do go to smaller mom-and-pop pharmacies, you can wheel and deal to bring the price down. Bringing cash can increase your bargaining power. Instead of paying $30 for a prescription at a local pharmacy, Cari secured the same prescription for $12 – an $18 savings.

5.   You can go directly to the big drug companies.

Katz called and emailed large drug companies on behalf of Cari and Andrew. She kept at it for weeks, providing proof of the family’s financial situation and even suggested that Cari might have to stop buying its particular drug altogether.

6.   Visit Needymeds.com.

Needymeds is a nonprofit group that offers grants, vouchers and patient assistance through its website.

7.   Use an RX Access discount card.

Together Rx Access offers savings on brand-name and generic prescription products to individuals and families without prescription drug coverage, according to its website.

With the help of Michelle Katz, Cari and Andrew lowered their monthly prescription drug bill from $20,000.19  to $1,252.28, saving them $18,747.91. And that’s real money.

 

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User Comments

Drug companies operate internationally, therefore, should you have a need for prescription medications, you should shop the international marketplace. Doing so will save you up to and, perhaps, even beyond 500% on the cost that you would pay for the identical drug if purchased in the United States.,

Posted by: John Locke | February 25, 2013, 6:26 pm 6:26 pm

is the Low RX app at the Android mart? I could not find it.

Posted by: Kurtis | February 25, 2013, 6:52 pm 6:52 pm

I can’t find the app on my phone. Can you tell us exactly what it is with the spaces and capital letters? Thank you!

Estelene Nichols

Posted by: Estelene Nichols | February 25, 2013, 6:53 pm 6:53 pm

That app is not if the App website. What is the actual name of it? The LowRX app is not the same.

Posted by: Connie | February 25, 2013, 6:54 pm 6:54 pm

There’s one called GoodRX. Maybe the same thing on the Android market?

Posted by: Estelene Nichols | February 25, 2013, 6:57 pm 6:57 pm

All of that family’ s issues can be cured by a healthy diet and supplements. My chiropractor cured her Chrone’s disease by making that change. Vitamin D and sunlight regulates chloresterol and lowering it is more dangerous than having it high. High blood pressure can be helped by adequate hydration, less salt, alot of excercise and again healthy diet. My 80 year old parents refuse all statin drugs and include tumeric, curcumin, oatmeal, fish oil etc in their diet. They are in incredible shape unlike their friends on what doctors prescribe. They are not on any blood pressure, or chloresterol drugs and take CO-Q10 for their heart. They have never had knee replacements or cancer issues. They also juice regularly. Its a proven fact that if you follow what God has provided for our bodies, success is imminent.

Posted by: Christie Z | February 25, 2013, 6:58 pm 6:58 pm

Where can I find the LowRX app for an Android device? Would be nice if a link was included to where the app can be downloaded… Awesome report!

Posted by: Heather | February 25, 2013, 6:58 pm 6:58 pm

can’t find app on att

Posted by: J Parker | February 25, 2013, 6:59 pm 6:59 pm

$20k a month in prescriptions? Something doesn’t add up. Does Human Growth Hormone cost a ridiculous amount? If so, isn’t HGH an OPTIONAL drug and not medically necessary?

Posted by: Mrs. Beasley | February 25, 2013, 7:01 pm 7:01 pm

i just went onto the google play app store no app under the name LOW RX is there.
please let me know where this app your talking about is ..
it’s not on the we under the name your calling it.
thanks

Posted by: jim gibson | February 25, 2013, 7:03 pm 7:03 pm

Why no link for ” Low RX App”; not a clue as to how to access this app; very disappointing follow-up to applicable news item.. i-pad only? what about the rest of the audience?? How can viewers access the app?? Googling found no applicable App that I can tell.

Posted by: Roger GLynn | February 25, 2013, 7:08 pm 7:08 pm

I also looked but could not find Low RX app on Android, is there another similar app on Android?

Posted by: steve | February 25, 2013, 7:09 pm 7:09 pm

I couldn’t find the app either. Where is it at ?

Posted by: bryon | February 25, 2013, 7:11 pm 7:11 pm

As if someone with a 20K Rx bill needs to additionally worry about shopping around to lower the costs of medications. I’m very glad that this family was able to find a way to lower their bills, but most of America does not have the advantage of and/or can’t afford to have a health advocate in their corner.

The question I have is WHY is this allowed to happen? Why is it up to the consumer to shop and negotiate the costs down…If an Rx bill can be “adjusted” and so much money saved why are the drug and pharmacy companies allowed to overcharge in the first place? And why are insurance companies allowed to “prescribe” the most “cost effective” medication…

I’m all for companies making a profit and for some $ to go to R&D, but if 18K can be knocked off a bill – gouging the consumer and taking advantage of an already difficult situation comes to mind.

Posted by: LC Kaufman | February 25, 2013, 7:11 pm 7:11 pm

I wish you had taken this story further. I am a double heart transplant patient & also happen to be on Medicare. Those of us on Medicare or any other government program are totally eliminated for ANY help programs through the manufacturers. Plus we are also not permitted to use the “transfer a prescription here” type coupons, which would give us a $5.00 to $25.00 gift card type rebate. My transplants were paid for by my private insurance, as I was 57 at the time. Medicare refused to allow my drugs to go through Part B of my Medicare coverage because they did NOT pay for the transplants, which saved them about $2,000,000. I believe we are being discriminated against & all of us who are organ transplants has a very difficult time affording our needed drugs, as all are tier 3, 4, & 5. If we could just get help with our immunosuppressants, we could possibly survive, but it is very rough, as we all have serious other ailments.

I am the administrator of a world wide support group for organ transplant patients & donors & medical personnel. Of course, we promote organ donations. But we all support each other as if we are family & we one of us die, we all mourn. You cannot split capsules to make them last longer. Personally, I had my medications stolen TWICE last year at 2 different nursing homes. My medications cost in excess of $25,000 per year.

I was the first in the world to receive 2 heart transplants in less than 24 hours.

NOW, here’s a story for you!

Posted by: Judee Hill | February 25, 2013, 7:12 pm 7:12 pm

I could not find Low RX either…

Posted by: CC | February 25, 2013, 7:15 pm 7:15 pm

I think the news station made it up and there is no app to save money.. NOW THERE IS A STORY !!

Posted by: bryon | February 25, 2013, 7:24 pm 7:24 pm

Maybe the reporter Paula Farris will help us find the CORRECT app….especially for android

Posted by: Dee | February 25, 2013, 7:29 pm 7:29 pm

I’m also looking for the Low Rx app. I have an Andriod phone and an iPad. I can’t find the app mentioned on this evening’s report and also your article on your website that says:

“2. Arm yourself with the Low RX App.
Did you know that drug prices fluctuate like gas prices? The app tells you what the average cost is for a particular drug and its generic, and arms you with the phone numbers of every pharmacy in your area. You can call other pharmacies to comparison shop. The app also shows discounts.
“You can get up to 75 percent off in some cases,” said Katz.”

Posted by: L Mack | February 25, 2013, 7:29 pm 7:29 pm

Oops Paula Faris. HELP

Posted by: Dee | February 25, 2013, 7:30 pm 7:30 pm

My insurance i am forced to go through express scripts/ medco. I have all these savings cards and such. They do not accept them at all so told by them. so what can I do. I probably can save alot also. they told me nothing I could send them would they accept. My husband has parkinsons and some of his meds. don’t come in generic and even some of his heart meds. I am unemployed and these cards would help alot. let me know who I can contact on this situation.

Posted by: shirley feickert | February 25, 2013, 7:30 pm 7:30 pm

Found it in itunes for iphones

Android App???

Posted by: Maria | February 25, 2013, 8:00 pm 8:00 pm

Erroneous report – no such thing as Low RX app. ABC News, check it out!

Posted by: hotclick56 | February 25, 2013, 9:02 pm 9:02 pm

Android users try “Pharmacy Discounts”. I am not sure if this is the same on the show, but the logo looks the same.

Posted by: Evelyn | February 25, 2013, 10:05 pm 10:05 pm

I was told the pharmacy doesn’t accept any discount RX card because I’m on Medicare. Guess I’ll have go without medicine.

Posted by: zilchnew | February 25, 2013, 10:13 pm 10:13 pm

Help please! with the LowRX app. Unable to find anywhere. Husband has parkinson disease and the prescriptions are killing us, too.

Posted by: MARIE | February 25, 2013, 10:31 pm 10:31 pm

Also could not find the Low RX App. Would appreciate any assistance as last year with insurance co-pay I spent over $3000 on prescriptions.

Thank you and sorry for others but that I now know I was not alone in not finding the app.

Posted by: Sue Bennett | February 25, 2013, 10:38 pm 10:38 pm

You all got cheap phones.

Posted by: Red | February 25, 2013, 11:25 pm 11:25 pm

“With the help of Michelle Katz, Cari and Andrew lowered their monthly prescription drug bill from $20,000.19 to $1,252.28, saving them $18,747.91. And that’s real money.”

Sorry, but I find this to be a bit ridiculous that anybody owing this much money would not do some research on their own to find lower prices. I also do not believe that ABC News helped lower a monthly bill of this size down as far as they say. The bills they showed also included hospital charges which is not really the same as retail pharmacy. Mixing hospital and communicty pharmacy bills together is a bit misleading. This figures does not even match the amount they stated on the news program. They said it went down to about $400/month. So why push Costco? Walmart, Kroger, Target all have $4 plans for over 300 different generics. These same chains will match other pharmacy’s lower prices, including Costco prices, while Costco will not match their $4 prices. Interesting, huh? Not only that, Costco does not always have the lowest prices on certain medications. As stated in the news program…different pharmacies have different prices on the same drugs. While the news program may have had some value, the questionable accuracy and ‘steering to Costco’ aspects of it represent questionable journalism IMHO. Also not stated by ABC News is that there are other important factors when choosing a pharmacy, besides price, that should not be ignored….such as the quality of pharmacist services, the services offered, friendliness and helpfulness, and ease of access, etc. It should also be mentioned that it is not wise to shop multiple pharmacies for different medications. Pharmacies can not protect you from adverse drug issues, such as drug interactions if you are not getting all or most of your medications at the same pharmacy. You can get the best of all worlds by asking the pharmacy that provides the best over-all package of services to match prices so you can get it all at one pharmacy.

Posted by: Batlan | February 26, 2013, 1:13 am 1:13 am

Discount cards and insurance cards can not be used at the same time. It is one or the other. Your insurance cards will lower your cost far lower than your discount card will (under most circumstances). Discount cards are for those who do not have insurance.

Posted by: Batlan | February 26, 2013, 1:16 am 1:16 am

Accessing pharmaceuticals internationally is generally not legal. In addition, it is very risky as such markets are are selling you fraudulent (fake) medications that do not contain the real medication in them and sometimes toxic substitutes. Good luck if you choose to venture out there.

Posted by: Batlan | February 26, 2013, 1:19 am 1:19 am

I am a pharmacist who has tried for several years to either have patients contact the drug company for low income people who need brand name drugs(needymeds.com.). or to tell people about discount cards such as unarxcard.com discount cards, or to tell people about target and wallmart $4 drugs.Another great site is goodrx.com .Because of my doing this where I work I have been told we will honor discount cards but I can no longer tell people about how to get them and how we should keep in line with other pharmacies who do not promote them and some don’t even honor them.Just today I was warned again. I need my job so I will have to abide by this.I used to just enter people under una rx discount card and create an id for them on the spot.Basically how the discount cards work is that there system calculated the reduced price and adds a fee such as $3 which is collected from the pt at the register and then the pharmacy is billed at the end of the month. Even with the fee the pt save alot of money because with out some type of ins or discount the price is based off ow awp and not actual cost
So I was so estatic and hopeful when I saw this on abc news. I have often said I wish I could have this information repeated every night until the word got out.
Is there any way you could rerun this several times and stress again how much discount cards can save. This information was so important I wish some one could contact a government representative to have them stress to every one in the nation who is facing these kind of debts that there are valid programs that could help them. I have seen many people reduce their prescription prices so much simply by using a discount card that is free to get on line. PLEASE air your segment again stressing how to find free discount programs. I am so proud that you have helped some people but there are so many more who need to know about this.

Posted by: david o. | February 26, 2013, 2:00 am 2:00 am

What happens when you work for a company (one that owns wholesale bakeries from the West coast, all through the Gulf coast and up through the East Ccoast) that makes it’s employees use their mail order pharmacy for any long term medication you may be on for the rest of your life. If we use a local Pharmacy for more than the first original script and then refill it one time after you have no choice but to get a new 90 day supply script sent to that mail order company nad you have to use them from that point on OR you will be charged the full price for that medication from that point on. Alot of todays medications as you stated in your reprt last night are quite expensive and only the very wealthy can afford to purchase them. I believe this is a form of Bullying or Strong Arming their employees so they can (I believe this but it is NOT proven to be a fact) they must be getting some sort of kiock-back from that mail order company. Mail order can be a good thing for some but not having a choice of where to purchase our medications should be a right. What has happened to free choice. I wish someone would do an investigative report on that side of the cost of prescriptions.

Posted by: Janice Wambold | February 26, 2013, 3:29 am 3:29 am

I have never seen such retard reporting. I saw the video report this morning on the Morning news. So you pretend that first, the 20,000.19$ original bill for medications is legitimate. And you end the report demonstrating that thanks to a cellular phone, 1 hour of work, and a consultant who knows how to negotiate you were able to bring total medication costs for the month at 411$. That is a 98% savings. Maybe next week, Farris can do the same for when we go purchase a 30,000$ car, I am sure that with a good consultant, 2 hours of work, a cellular phone we could bring down the purchase cost to 1000$. You show us that with a camera and a journalist negotiating at Costco, you can bring down the cost of a 30$ prescription down to 18$ by paying cash. I am not sure you could do that without the ABC news team there.
If 411$ was the final bill, than maybe your reporting should to do with fraudulent billing of 20,000.19$ concerning medications, that should have been the angle, not pretend to hype pseudo negotiating skills and techno gadgets.

Posted by: Denys Picard | February 26, 2013, 6:04 am 6:04 am

I think ABC needs to research what they report better!! Cannot get the ipad app, plus I went to buy the Kindle version of her book, and it consisted of 5 pages for $9.99. I asked for a refund of the book, and will think twice about anything ABC reports.

Posted by: Judy | February 26, 2013, 7:40 am 7:40 am

Did anyone ever find this app? Androids are out of luck; I sure can’t find it. It would be nice to have truth in reporting. ABC you need to follow up and let us know how to find it!

Posted by: Sue | February 26, 2013, 9:24 am 9:24 am

I could not find the Low RX App for iphone 4. Did follow the website for needy and was able to get infornation on how to apply for assistance. Would really appreciate the app. Thank you for helping us find ways to save money on the things we need the most.

Posted by: Danelle | February 26, 2013, 10:55 am 10:55 am

The low rx app is for Apple phone ONLY. not for droids. go into google play type rx discounts, low rx (play with the wording) to see what options you have. For Apple owners just click the hyper link within the story and it will pull up for you to download.

Posted by: Jody | February 26, 2013, 12:42 pm 12:42 pm

App not on iPad either. App website states only on “Passport”.

Posted by: Kay | February 27, 2013, 5:59 am 5:59 am

The $20,000 monthy bill would be impossible for nearly everyone. Lowering it to $1200 is great but would also be impossible for many families. Either way it demonstrates the desperate plight of so many who need these medications to survive. I got free medicine-a $1000/mo. prescription from Astrazeneca even with medicare D. There I think generous income limits ( $48,000 for a family of 2)and you have to have alreay spent 3% on drugs befre you qualify. Google AZ&M. Maybe this will help some out there with this problem. Thi is the only drug mfg. I know that helps folks with Medicare D. Makes me think they may have a heart after all.

Posted by: derrell | February 28, 2013, 6:21 pm 6:21 pm

ABC is lucky to have an expert like Michelle Katz; I have seen her speak and read her book. She is passionate about helping others save money when it comes to health care. Her passion resonates when she speaks and shares with others. I only wish I could have heard what SHE had to say during the report. Additionally, Michelle would have succinctly articulated details that the reporter missed. Next time, let Michelle talk! Your viewers will connect. I hope we can see more of Michelle in the future. We all need an advocate like her!

Posted by: Linda B. Martinez | March 1, 2013, 6:20 pm 6:20 pm

This report was horrible, not even Jesus Christ could take a bill from 17K to a measly $411. There was lots of details missing and it was very shallow. I agree that there are ways to save, but ABC please be a little more realistic next time, and why is a consultant needed for this? It is common sense savings that someone with just a HS education can figure out.

Posted by: Hugh White | March 2, 2013, 12:16 pm 12:16 pm

A better segment would be for ABC to talk about fraud in the medical industry as this segment has clearly exposed (couple was overpaying by 98%!!!!) . next time send your consultant to DC to lobby the “wonderful” representatives and president to really take action on this pressing issue that is getting out of control.

Posted by: Hugh White | March 2, 2013, 12:51 pm 12:51 pm

I’ve learned so much about saving $. This segment is very beneficial. I am so glad you had Michelle Katz on since I recently read one of her books about saving money with hospital and doctor bills. I hope we hear of her.

Posted by: Melissa | March 4, 2013, 2:09 am 2:09 am

Need to do more of this with Michelle. This is the kind of news that people really can use.

Posted by: Richard Willias | March 5, 2013, 4:38 pm 4:38 pm

Ms. Katz is amazing, I only wish that CBS would have allowed her to speak more during this segment. She’s been a strong advocate for patients in this way for years.

Posted by: debra wright | March 5, 2013, 4:53 pm 4:53 pm

Sounds great, however my insurance – United Health Care -requires ALL maintenance presciptions be purchased through CVS pharmacy. So much for saving money!

Posted by: Linda Barnes | March 5, 2013, 6:53 pm 6:53 pm

Three separate types of testosterone related products advertised in the same 1/2 hour of ABC News?? There is already a glut of testosterone-related news in the NEWS… do we REALLY need to hear so many testerone-related commercials DURING the Evening News? I am sure that limiting the amount and type of advertising done by pharmaceuticals would help lower the cost of drugs.

Posted by: Carol | March 11, 2013, 2:29 pm 2:29 pm

I hope you will have more reports featuring Ms. Katz to tap her knowledge about reining in health care costs. It is frustrating that her expertise has to be funneled through your reporter. Please let her speak.

Posted by: Sara Anderson | April 16, 2013, 12:20 pm 12:20 pm

I recently started following Ms. Katz and I am so glad you guys did this piece. I am looking forward to hearing more of Ms. Katz’ work since she is a wealth of knowledge when it comes to saving money in healthcare! Kudos to ABC for finding her and please get that girl her own show so she can do this more!

Posted by: Lauren | April 30, 2013, 12:38 pm 12:38 pm

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