Quote:
Originally Posted by wdfifteen
This is the best explanation I have been able to find.
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Thanks for the link. This has baffled me since my MD turned me onto it over a year ago.
Every pharmacy asked about it say they lose money and I hear various stories as to why.
However, Walmart is always in the running as to lowest price on GoodRX and I would trust their financial peeps to purge contracts that demonstrate negative/poor margin.
If Walmart makes money on a $13 GoodRX price how stupid are the insurance companies to continually cough up payment, net of co-pay, on a $315 generic sale to an insured customer.
Makes you think insurance companies have a contract with the pharmacies. They'll pay maybe $11 on top of a $9 pharmacy cost? Just talking here.
Then companies that carry the insurance for their employees have to know the game and will not absorb some massive delta between supposed $9 pharmacy cost plus $11 over cost insurance payment to pharmacy and the $315 register price. Perhaps another contract?
I think usurious pricing has to be in the mix somewhere.
All told, I don't know how GoodRX can be so cheap.