Americans spend more on prescription drugs than any other country globally, racking up more than $358 billion in costs in 2020 alone.
That’s driven, in large part, by high prices on medications used by millions. Georgetown research shows about 66% of Americans take at least one prescription drug. You know how pricy a little bottle of pills and other medications can be if you do.
You might feel stuck like there’s nothing you can do about those costs. Most people get prescriptions filled at the pharmacy closest to home and don’t realize the location you select plays a role in how much you’ll pay. Keep reading for easy money-saving tips.
It helped me a lot
About a year ago, I had a rash on my arm. I got a prescription from my doctor, and when I went to the pharmacy to pick it up, the bill blew me away. The total was $175 for a tiny container of cortisone cream. I asked the pharmacist if that could possibly be right. That’s when he showed me a website that totally changed how I see prescriptions. It’s called GoodRx.
With our sponsor, GoodRx, you put in your ZIP code, enter the medication you’re looking for and you’ll get a list of where you can find it for the very best price. We’re talking savings of up to 80%. The cream I needed? Instead of paying $175, the pharmacist and I found it through GoodRx for just $35. He scanned the price and I was good to go.
Get this. You don’t even need an account to use GoodRx. That’s right. No login to remember, no data collection, no nothing. It’s just about bringing you the very best prices.
But what if I have insurance?
Let me be clear: GoodRx is not health insurance. It’s just another option on your side. About 70% of GoodRx users have health insurance but choose not to use it on their prescriptions because prices are so much better with GoodRx. Instead of paying your co-pay or Medicare, you can open up GoodRx to find an even better price.
GoodRx is accepted by over 70,000 pharmacies all across the country, including Walmart, Walgreens, CVS, Kroger, Albertsons, Safeway and RiteAid.
How much can you save?
As I said, you can save up to 80% on prescription medication. In 2020, the average user received an average savings of over 70% off retail prices. That’s a ton of money!
Let’s take the blood pressure medication Atorvastatin as an example. Here in Phoenix, we found it at Bashas Pharmacy for $8.25, 95% off the retail price. Wow. What about the proton-pump inhibitor Pantoprazole? Prices run the gamut, from $30.70 at CVS Pharmacy to as low as $9.20 at Costco.
To check prices where you live, go to GoodRx.com. Enter the name of the drug, then tap on the “Find the lowest price” button and you’re off and running.
Once you select a drug, you can set the form, dosage and quantity, and your location. GoodRx results show how much prescription prices can vary. You may even find a new place to shop for your prescription that never even crossed your mind.
What are you waiting for?
As I said, GoodRx is totally free to use, you don’t need to create a login, and there are no special codes or promos to remember. I do have a favor to ask, though.
The fine folks at GoodRx set up a special landing page just for my listeners and readers. Using this link helps show them I referred you and helps me create great content on the radio and the web for free, just for you. If you value my email newsletters, learn from my website or enjoy listening to my show, do me a favor and use my link to find those great deals.
Just go to goodrx.com/kim to get started. Here’s to big savings!