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September 07, 2005
Lower prescription costs for Health Savings Account Owners
People who spend their own money compare prices, and shop for the best value. As businesses compete, this leads to lower prices for all consumers.
That is one of the main ideas behind Health Savings Accounts (HSAs), and we're already seeing examples of companies that are recognizing this opportunity.
One company is the Save Now Discount Pharmacy, at www.savenowdrugs.com.
From their recent media release:
“August 29, 2005 -- At Save Now Discount Pharmacy, the cost of a generic prescription is usually less than the same generic prescription in Canada and a ninety-day supply is often less than an insurance co-pay. For seniors the every day price on many branded drugs is less expensive than a purchase with the Medicare Discount Card….”
Save Now is the first pharmacy in the state of Washington to adopt a ‘no insurance’ business model. By eliminating the cost of dealing with insurance companies, the price of prescriptions to customers is greatly reduced.
They are only licensed in 13 states currently, but plan to be national soon. If you're paying for your prescriptions with tax-deductible HSA dollars, you might want to check them out.
Posted by Wiley Long at September 7, 2005 09:37 PM