Watertree Health President Responds to Consumer Reports Survey on Rising Prescription Drug Prices
With report of 1 in 5 skipping doses and 1 in 4 not getting prescriptions filled, Shane Power says free prescription card and drug-price-lookup tool provide solution.
Destin, FL – September 2, 2015 – A recent survey by Consumer Reports sheds light on the rise in drug prices over the past year and its negative impact on consumers. It was reported that 33% are paying an average of $39 more out-of-pocket for their regular prescription medication and 10% were paying as much as an extra $100 compared to last year. Among the drugs that saw the highest increases were those prescribed for chronic conditions including asthma, high blood pressure and diabetes, which went up by more than 10%. As a result of this “sticker shock”, one in five skipped scheduled doses and one in four stopped getting their prescriptions filled.
“These stats are alarming. However, you should know that they don’t take into account the potentially high number of hand-written prescriptions that don’t even make it into the system at the pharmacy and, therefore, get counted in the “unfilled” category. We believe that many people don’t bother dropping their prescription off at the pharmacy because they assume they can’t pay for it, making the number of unfilled prescriptions even higher than reported,” said Watertree Health President Shane Power.
“This is why we created the Greatest Prescription Savings℠ (“GPS”) drug-price-lookup tool—to show people that they can afford to get their prescription filled at their favorite pharmacy, with the free Watertree Health Prescription Discount Card. To use the GPS, consumers simply enter the name of their prescription and zip code at wtree.us/savingstool. Here they’ll find their pharmacy on the list of results. If they don’t have a card already, they can get one on this website.”
About Watertree Health
Watertree Health was founded in 2010 to address the growing need for accessible health care products and services in America. The Company’s mission is to help people improve their lives by improving their health. Watertree Health’s founders believe everyone should be able to afford their medicines. The Company launched the free Prescription Discount Card in 2011 to help the tens of millions of people in America without adequate prescription coverage. For more information, visit WatertreeHealth.com.