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Rxaminer Provides Official Medicare Lower Cost Rx Drug Comparison Tool; Proactive Step to Provide Consumer Purchasing Power to Medicare.



CHICAGO -- Rxaminer (www.rxaminer.com), a provider of consumer-directed prescription drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug,  comparison tools, announced today that the Centers for Medicare and Medicaid Services The Centers for Medicare and Medicaid Services (CMS), previously known as the Health Care Financing Administration (HCFA), is a federal agency within the United States Department of Health and Human Services (DHHS) that administers the Medicare program and  (CMS (1) See content management system and color management system.

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) has incorporated Rxaminer's cost-comparison platform into the Medicare web site, www.medicare.gov. The "Lower Cost Rx Comparison Tool" is helping Medicare recipients find lower-cost prescription drugs similar to the ones they currently take. Rxaminer creates customized prescription drug comparison tools for employers, health plans and pharmacy benefit managers. Rxaminer's drug comparison platform was specifically designed to link with Medicare's price comparison system for Medicare recipients. The platform creates detailed reports on the out-of-pocket cost and efficacy of similar drugs, which patients can review with their physicians. CMS has also recently launched "The Medicare Replacement Drug Demonstration," which allows coverage for certain drugs that were previously only covered for use in a doctor's office under Medicare Part B. This includes certain drugs for rheumatoid arthritis rheumatoid arthritis

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"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 Toby Rogers is a journalist associated with Clamor Magazine.

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, 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."

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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 allergy, hypersensitive reaction of the body tissues of certain individuals to certain substances that, in similar amounts and circumstances, are innocuous to other persons. Allergens, or allergy-causing substances, can be airborne substances (e.g.  medications), that are similar to the drugs they currently take and that are used to treat the same conditions.

About Rxaminer

Based in Chicago, IL, Rxaminer is a drug information resource founded in 2000. Designed and maintained by physicians and pharmacists This is a list of notable pharmacists.
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  • Charles Alderton (1857 - 1941), American inventor the soft drink Dr Pepper
  • George F.
, 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 formulary /for·mu·lary/ (for´mu-lar?e) a collection of recipes, formulas, and prescriptions.

National Formulary  see under N.


for·mu·lar·y
n.
. 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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Publication:Business Wire
Date:Oct 21, 2004
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