How to Use this Website
Find your medicines by typing their name into our search box or click “Search Wholesale Cost” to locate prescription drugs alphabetically. This is our pharmacy’s REAL cost information. In other words, it is what our pharmacy actually pays a wholesaler or manufacturer to bring a product into inventory. This is different and always lower than the average wholesale price or AWP which is nothing more than the manufacturer’s suggested retail price. You’ll find true wholesale acquisition cost information for over 10,000 prescription drugs including brands, generics and specialty prescription medications.
Identify the medication’s cost on the resulting landing page. Remember, this is our pharmacy’s gross invoice cost. In other words, it is what we paid to the pharmaceutical wholesaler or manufacturer to get the product into our store’s inventory. Because the displayed cost doesn’t take into account rebates, short date sales or other incentives, our actual acquisition cost may well be a bit lower. Keep this in mind.
This step is optional, but still critical. Go to pharmacy finder and locate two or three independent pharmacies in your area that have good prices. By visiting this page, you’ll be able to research and determine your out-of-pocket cost before visiting the store so there are no surprises! Now compare our wholesale cost “Search Wholesale Cost” and the retail cost provided you in the pharmacy finder. The difference is the pharmacy’s gross profit. If you don’t like what you see negotiate with an independent pharmacy maybe they’ll be able to help you or maybe not. At least you tried.
It is very important to target independent pharmacies in your search since chain stores like CVS, Walgreens or Target can’t or won’t negotiate on price even a little bit. Moreover, pharmacists at chain stores don’t get access to drug cost information whereas in an independent pharmacy pharmacists know exactly how much they pay for their products. If you don’t know how much items cost then how can one negotiate? Duh….if you are hell bent on filling your prescriptions at a chain pharmacy store we have a long list of stores to suit your needs.
If you have no insurance, are underinsured, or your annual deductible is $1000 or more for an individual or at least $2500 for a family and you’re willing to support your local independent pharmacists then continue reading. To learn more about the phrases average wholesale price and acquisition cost we strongly suggest you conduct a quick search in Google or simply follow the links we’ve supplied herein. There are over 20,000 independent pharmacies nationwide – find one! They’ll be excited to have you and the chain store could care less, except for your money, if you transfer prescriptions. If you already have your prescriptions filled at an independent pharmacy good for you - download and print our Prescription Drug Discount Card it may help you save even more money.
This is where the proverbial “rubber meets the road.” Go visit the independent pharmacy identified in step 3 with your prescriptions in hand. As an alternative, you can call the pharmacy but be prepared to transfer your prescriptions by having the existing (where the refills are currently on file) pharmacy’s name, address, phone number, and your Rx numbers readily available.
Next, simply say something to the pharmacist like, “As a result of visiting prescriptiongiant.com I know the acquisition cost of the drug – what is paid not the average wholesale price. Are you willing to reduce the price of the drug on my behalf?” Again, not every pharmacy pays the same exact acquisition cost. Some pharmacies pay a little more while others a little less but at the end of the day the standard deviation is insignificant provided the products weren’t purchased one year apart, for example.
Transferring prescriptions from a chain pharmacy store puts you in a very good position. Independent pharmacy owners have much more control and flexibility in their stores compared to a pharmacy employee at CVS or Walgreens. Plus, most independent pharmacy owners despise chain stores and may be willing to lower your cost if you transfer prescriptions from a chain pharmacy. Remember, if you are using insurance to cover any portion of the cost then the pharmacist can’t legally adjust a copay or coinsurance.
Yes, you’re correct in that there is a little work required on your behalf. So what! The benefit is that you save hundreds maybe even thousands of dollars for your family every year. Otherwise, stop complaining about the high cost of prescription medications if you’re not willing to do something about it.
Download and print our Prescription Drug Discount Card. If you don’t want to negotiate or the pharmacy won’t lower their price then present our discount card, for automatic savings up to 75% off the average wholesale price, at more than 65,000 pharmacies including CVS, Walgreens, Walmart, Costco and more. Finally, pat yourself on the back for being proactive and a job well done! You now have an army of resources to help battle the high cost of prescription drugs – take advantage of them.