President Provides Statement on Skyrocketing Drug Prices for Retirees

Watertree Health® President Provides Statement on Skyrocketing Drug Prices for Retirees

This has resulted in older Americans struggling to pay for the medicines they need. Of note, “maintenance drugs” have seen some of the largest increases in cost. These are the medicines designed to manage common chronic conditions such as diabetes, acid reflux, arthritis, COPD, high cholesterol and high blood pressure. Spikes in prices were often more than 5 percent.  Even generics, which typically get less expensive over time, have soared in price.

Increases in drug costs for chronic conditions exacerbate pre-existing anxiety that exists among many seniors. Ironically, anti-anxiety medications are the number 1 drug therapy category facing price spikes.
Watertree Health President, Shane Power says, “The impact of high drug prices on consumers, especially those in retirement age, has been staggering. People have been forced to spend less on food or pay for their medicine with credit cards. We hear from our community-based representatives that seniors are rationing pills, skipping doses of medicine or just not filling their prescriptions.

My Company’s free prescription discount card can offer some relief – It helps people save up to 75% on thousands of prescription drugs at over 60,000 pharmacies. For example, we offer an almost 50 percent discount on generic versions of prescriptions used by many older Americans such as Nitrostat, Nexium, Celebrex and Crestor.

Get a free card at or by texting CARD to 95577.

When seniors are forced to scrimp on prescriptions, not only do they experience poorer health and a poorer quality of life but also increased future health care costs due to repeated hospitalizations that could have been prevented. This is very concerning behavior that needs to be addressed because they deserve to live happy and healthy lives.”

About Watertree Health
In 2010, Matt Herfield and Ronnie Harris founded Watertree Health to make health care—particularly medications—more accessible to everyone. They created the first and leading free prescription discount card program benefiting nonprofits, which not only provides significant savings, but also triggers a donation to a charity partner each time cardholders save, at no cost to them. To help build healthier communities, the Company has aligned with nonprofits Make-A-Wish®, regional Food Banks, the ASPCA®and the National Kidney Foundation®. Visit to learn more.