I went to pharmacy to pick up prescription. It was $25 with my insurance. Had them check using Good RX and it was a lot cheaper. I pay my insurance company premiums and Good RX nothing so how can they be cheaper! I suspect the answer will include references to prescription benefits managers, which also doesn’t make sense. Seems like the pharmacy would buy medicine from the manufacturer or other supplier and then have a set price (like every other business) which my insurance may cover some of. How does this all work?
In: Economics
GoodRx works by buying some drugs in bulk.
Basically, instead of you and your insurance paying a retail rate for some limited amount of some drug. GoodRx says “hey we will give you 1 million dollars for 1 millions pills right now.
The manufacturers don’t make as much money per pill, but they do get a guaranteed million dollars all at once.
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