Compare drug prices on your smartphone - MSNewsNow.com - Jackson, MS

Compare drug prices on your smartphone

Source: WLBT Source: WLBT
Americans are putting their lives at risk, simply because they can't afford the drugs they need. In fact, 14-percent of the 1,100 people surveyed by Consumer Reports said they've skipped a dose. The same percentage said they took expired medications, and 17-percent said they did not get refills.

"A lot of people who buy their medications, they have to cut back on groceries. They have to cut back on bills. It affects their personal finances," said Brad Bangerter, the president of smartphone app LowestMed.

He says whether or not you have insurance, there's a good chance LowestMed can save you money.

"We have negotiated discount prices with 60,000 pharmacies nationwide." Bangerter says regulators don't set prices for prescription drugs in the U-S, so they can vary widely from pharmacy to pharmacy.

When you enter the name of a drug in LowestMed, the app compares prices at pharmacies near you.  "I could pay 19, 20, 21, 22 dollars for that drug, so this is a savings of around $200 for the year," Bangerter said.

On the average, he says you'll save about $35 on brand name prescriptions and $15 for generics.

Once you find the lowest price, just click on the app's discount code button. "It will show the discount that goes to the pharmacist. They load those codes into their computer and you get an immediate savings."

Bangerter says the app can save money for people, whether or not they have insurance.

Copyright 2014 MSNewsNow. All rights reserved.
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