Rxaminer Provides Official Medicare Lower Cost Rx Drug Comparison Tool; Proactive Step to Provide Consumer Purchasing Power to Medicare.
"We started Rxaminer four years ago because we wanted uninsured patients to have the ability to compare the cost and efficacy of drugs they were paying for out of their own pockets. Since then, private and public insurance providers are becoming more consumer-centric. Payors, providers and patients want to know what drugs cost and what the options are," said Toby Rogers, President of Rxaminer. "By taking an active, consumer-centric role, Medicare, employers, health plans, and other payors can compare and save on the cost of their prescription drugs."
In a recent statement, Tommy Thompson, U.S. Secretary of Health and Human Services, stated, "We are creating greater competition among drug companies and making the price of prescription drugs more transparent -- giving seniors more power to compare prices and choose the lowest cost medicine that's right for them."
CMS Administrator Dr. Mark B. McClellan added, "Many widely-used drugs for common health problems often have similar effects, but rarely do consumers have good information on how their prices compare. Only physicians can decide what drug is best for their patient. We want to help patients and their physicians find the least costly way to get the health benefits that prescription drugs can provide -- including an informed discussion about whether a less expensive, similar drug is right for them."
The "Lower Cost Rx Comparison Tool" -- accessible at www.Medicare.gov or by calling 1-800-MEDICARE -- will help consumers compare lower-cost prescription drugs by category (e.g., cholesterol lowering drugs, blood pressure medicines, allergy medications), that are similar to the drugs they currently take and that are used to treat the same conditions.
Based in Chicago, IL, Rxaminer is a drug information resource founded in 2000. Designed and maintained by physicians and pharmacists, Rxaminer's database of prescription drugs gives insured and uninsured consumers the opportunity to control their prescription drug costs. Rxaminer provides pharmaceutical cost management tools for Medicare, pharmacy benefits managers (PBMs), insurance providers and individual employers. The consumer-friendly drug comparison system delivers Therapeutic Option, Dose-to-Dose price comparison, Direct/Indirect Generic alternative promotion, and other cost-management techniques for any existing benefit plan and formulary. Rxaminer seamlessly integrates with an existing plan through a user-friendly, private-labeled website. Plan members become agents for formulary compliance and generic utilization. Rxaminer saves employee members an average of $512/drug annually, and reduces employer prescription benefit costs by up to 20%. For more information, please visit: www.Rxaminer.com.
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|Date:||Oct 21, 2004|
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