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Our top story tonight cutting your prescription cost.
Even with insurance Americans spend way too much on their Mets and the real kicker is you could be hundreds of dollars richer every single month.
If you just took a few simple steps joining me now Lisa -- Prescription drugs editor -- consumer reports Lisa what a back -- showed great to have you here thank you so we're spending 750.
Bucks a year on drugs house.
Well we are and we could be spending a lot less money we are using our insurance and we don't need to that's one thing.
We are often buying medications when there's a cheaper alternatives.
So there's lots of ways to save money one of the most interestingly -- put forward in your story I thought was.
Sometimes if you just -- a drug it's cheaper than using your insurance to get how is that possible.
You know what this is a change this is something we've discovered just -- the last year or so.
Believe it or not there are hundreds of medications where.
Your your insurance actually may be more expensive than what the drug store deals are offering they've got to -- just terrific -- how can -- be true.
Shouldn't insurance companies -- be able to get at the cheapest price right you would think that's a generic prozac and a great example flux -- -- it's four dollars a month at places like target Sam's Club Wal-Mart.
And yet insurance companies and people together spend you know.
3040 dollars a month exact -- it's -- it's really really so what -- I need to do is an individual -- go shop around at some of these retailers the first thing you should do is just not automatically pull out your insurance card don't just.
And you know in many cases.
The pharmacies have an insurance.
-- in the system and they just automatically -- and out but stop and first and ask his or cheaper way I can get this is there you guys offer discount deals.
Can I pay for this just out of my pocket in some -- or can I get something over the counter that -- -- just aren't well let's get to that because -- some good suggestions out there for people to use over the counter drugs that are cheaper price -- the brand name drugs let's give people some examples right so you know that these drugs are always lesser of the deal is that they they used to be like Prilosec OTC good example.
They used to be actually prescription drugs or Claritin so they they're just too strong they're just -- candidate just as -- -- what's already in many cases.
-- -- show some real numbers here you could say 225 bucks for heartburn treatment paralysis act.
Over the counter sixteen bucks a month yeah tape or you could say 241.
Bucks -- -- your choice you pick it okay if you've got heart -- and that's a problem prozac for example generic.
Four bucks a month at Wal-Mart the average insurance and price 45 dollars a month or -- -- you bring this up to over the counter seven bucks a month.
Boy if you get our prescription you're gonna pay.
120 dollars a month so at that point -- to make real sense to you know go for the cheapest price now I know that not everybody thinks the generics work as well for them is the original.
And I drug and sometimes you just sort -- how I can't take Claritin.
Anymore as -- right now -- may first but if you can use it you might as well make that -- it's true it's true and you know it's good that sometimes that happens and you might need to switch drugs around and so.
And we're with a doctor or pharmacist to see you -- announcement but particularly allergy medication that's pretty content so how can we take advantage is it wouldn't take advantage of Obama care for lower mechanic I know you -- LA there's that I've been looking for that's for us now.
I finally found that in a matter what you think of obamacare -- there are.
Few really good things about and one is that.
Children under the age of 26 can still stay on their parents insurance which is really good because that that's eager for people who don't have insurance and that that affect their ability pay for prescription drugs.
And -- but that's an excellent thing.
Yeah the thing is there's a lot of preventive services and preventive medications including vaccines that will now be covered accident free in many cases so that's good that's a that's a good thing too.
-- also here for people on Medicare part.
It actually is getting smaller and smaller and smaller and it's gonna disappear if you.
I want -- talk for a moment because you have a lot of great step on this in the story multi symptom cold remedies now.
I am fascinated by these because they purport they're gonna cure everything -- can't get a runny nose a sore throat you're -- upset.
Take care of all of that -- say buyer beware get.
It's actually a bad deal and -- for a couple of reasons and many cases you're you know we talked earlier drugs that are in these multi symptom remedies like you vick's.
Some of these other in and day -- -- will.
These medications their old medications they don't actually worked very well they usually just work to either -- to sleep or try to keep you awake.
And in other cases they often have.
Generic you know Tylenol acetaminophen in them and they all seem to have it and if you're already taking Tylenol to lower -- fever you can wind up.
-- -- taking too many doses kind of not -- -- to actually make it by about it pricing can wind up in the ER with liver damage the liver.
Wow it's so much I mean if I do have a cold and you do have multiple symptoms right butchered by sending to -- by everything separately that -- like that would cost a lot of money it costs a little bit more money but it but actually this is one of the safety commission to death might actually do when -- -- -- with the great stuff awesome article in consumer reports checked it out Lisa guilt she is looking out for your bottom line when it comes to -- thank you.
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