The New York Times recently published an article on two new online ventures, GoodRx and Blink Health. Their goal is to make prescription drugs more affordable. GoodRx is doing this by offering coupons that greatly reduce the cost of prescription drugs and Blink Health is letting consumers buy their drugs online and pick them up at a local pharmacy. But how much of a difference in prices is their really? Here’s a few stats from the article illustrating the impact:
- Ten of the country’s 15 most commonly prescribed drugs, for example, cost less than $10 on Blink Health, including generic versions of drugs like Lipitor, which manages cholesterol, and the diabetes drug metformin.
- The listed price for a 30-day supply of the generic version of Lipitor, for example, is $196 at Kmart, according to GoodRx, and $61 at Kroger. With a coupon obtained through GoodRx, the drug is about $12. Blink Health is offering Lipitor for $9.94.
Why it Matters:
With high-deductible insurance plans on the rise, and those plans requiring consumers to pay more out of pocket for their prescriptions, chronic illnesses that require multiple medications are becoming a large financial burden. These ventures could make an impact on a system that could bring an online retail approach to a system that lacks transparency.
Want more details? You can read the New York Times article here.