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Free Tool for Comparing Drug Prices
January 28, 2012
If you have diabetes, drug costs likely represent a sizeable portion of your health-care budget. But LowestMed, a new, free cost-comparison app, can help you reduce your expenditures by finding the lowest price on medicines in your area.
When a person enters the name of a medicine into the app, it provides a list of discounted prices on the medicine — including both brand-name and generic versions of the drug — at nearby drugstores. Once the pharmacy with the lowest price on the medicine has been identified, the app will provide a map with driving directions to the store.
“Most consumers don’t realize that prices can vary widely by pharmacy, and that up until this point the only way to do price comparisons on a local level was to go to each pharmacy and submit an insurance claim,” notes manufacturer CEO Brad Bangerter. “With the LowestMed app, for the first time consumers are empowered with the full transparency to identify the least expensive drug prices in their area.”
The app also includes access to the free LowestMed discount card, which can be presented at the point of purchase for price reductions on medicines.
This blog entry was written by Web Editor Diane Fennell.
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