Article Review Reducing Prescription Drug Costs

To: Professor Geckeis From: Kyra Bloom, Adam Kavanagh, Nicholas Ceparski Date: March 16, 2017 Subject: Reducing prescription drug costs Company Name: Horizons Investment/Retirement Planning 250 Employees Marysville, Ohio $135 Million USD Commodities such as food, cars, and even precious metals have steadily increased year after year which is something that is widely accepted as ‘inflation’. The dollar in 2016 isn’t worth what the dollar in say, 2010 was, but salaries are often adjusted to take the rise in commodities into effect. Prescription drugs however do not fit into the typical mold of the commodity, that steadily increases in price year after year. Prescription drugs in†¦show more content†¦Don’t just decide that you are going to go generic instead of prescription without talking to the doctor because it might end up not taking care of the symptoms or problems that the prescription drugs or medications are made for. Although sometimes generic brands may not be as strong, they are cheaper and can still do the job(s) you want it to do, but at a lower price than you would have to pay for prescriptions. Clip Coupons Clip coupons as another way to save money on your prescription drugs or medications. There are some websites such as www.GoodRx.com, where you can print out a coupon for a certain prescription drugs and save a few dollars on your medications. Some coupons you don’t even have to print out. Sometimes you can just find it on your phone and the pharmacy or store can scan it from there. In the article, â€Å"Ways to Reduce Prescription Drug Costs,† it states, â€Å"If the medication is available in only expensive brands, there could be coupons available directly from the drug manufacturer.† This is a nice and easy way you can keep from spending an outrageous amount of money on your medications. Over the Counter Medications Over the counter medications can be bought for fractions of the cost of prescription medications. This is a wonderful but yet effective alternative to paying for theShow MoreRelatedEffects Of Opioid Abuse On A Community Essay1636 Words   |  7 PagesVarious Effects of Opioid Abuse on a Community The relationship between the rising rates of prescription-opioid abuse and heroin use has led to increases in crime, incidences of HCV and HIV, and drastic increases on overdose and death. In fact, between 1999 and 2010 opioid-related mortality increased 415% among women and 265% among men (King et al, 2014). According to King et al (2014), the main causes of this increase in deaths can be attributed to prescriber error, user behavior and characteristicsRead MoreCase Analysis : Generic Company Essay1492 Words   |  6 Pagesconsumer in a $35 billion loss of generic cost saving (Royalty, Oliva, Fix, 2012). 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