Reduce Healthcare Costs by 25% by eliminating Prescription Drug Insurance ( Reinsure Type 3 Drugs Only ) April, 2012.

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Presentation transcript:

Reduce Healthcare Costs by 25% by eliminating Prescription Drug Insurance ( Reinsure Type 3 Drugs Only ) April, 2012

in·sur·ance/in ˈ SHoorəns/ ( Noun ): is a primarily used to hedge against the risk of a contingent, uncertain loss. The Kaiser Family Foundation ( KFF), the largest non-partisan healthcare think-tank in the US discovered that 88.6% 1. of all prescription drugs medication dispensed in the US follow predictable and certain patterns for the patient. ______________________________hedgeriskuncertain

Q: Why are costly Prescription Drug premiums included in your health insurance premiums? A: Because insurance providers can make more money by maintaining this practice !! Actual CBG Account’s savings: ___________________________________________ Health Premium with Prescription Drug premium: Single: $ Family: $1, Mos.:$115, Ann:$1,390,512 Health Premium without Prescription Drug premium: Single: $ Family: $1, Mos.:$92, Ann.:$1,111,812 Over a 20% Savings by eliminating Rx Premiums, not eliminating Rx coverage

Q: How am I going to tell my employees we don’t cover prescription drug claims? A: You are covering prescription drug costs and saving them premiums plus the cost of medication !!! ___________________________________ 1.All prescription medication is covered through membership in one of several existing Rx channels. 2.All prescription medication not covered through membership in one of several existing Rx channels is covered through CBG Rx ( ID card that requires no up-front co-pay ).

Top Ten PrescriptionsGeneric30/90 day HPHCTop Ten PrescriptionsGeneric30/90 day HPHC 1.Zocor ( Cholesterol )Lovastatin/Prevastatin$4/$10 $50/$150 2.Lisinopril ( Blood Pressure )Lisinoprol$4/$10 $5/$10 3.Vicodin ( Pain )HydrocodoneN/A $20/$40 4.Synthroid ( Thyroid hormone )Levothyroxine$4/$10 $30/$60 5.Norvasc ( Blood Pressure )Lisinoprol$4/$10 $50/$150 6.Prilosec ( Acid Reflux )Rantidine$4/$10 $50/$150 7.Amoxicillin ( Antibiotic )Amoxicilin$4/$10 $5/$10 8.Metformin ( Diabetes )Metformin$4/$10 $30/$60 9.Zithromax ( Antibiotic )Amoxicili $4/$10 $30/$60 10.Hydrochlorothiazide ( BP )Hydrochlorothiazide$4/$10 $50/$150 Walmart has No membership fee ( effective January 1, 2012 ) A recent Kaiser Family Foundation 1. survey of the Top Ten Rx Prescriptions ( listed below ) showed that the average participant saves $ per year when they obtain prescriptions from wholesale vendors.

Top Ten PrescriptionsGeneric30/90 day HPHCTop Ten PrescriptionsGeneric30/90 day HPHC 1.Zocor ( Cholesterol )Lisinoprol$10/$12 $50/$150 2.Lisinopril ( Blood Pressure )Lisinoprol$10/$12 $5/$10 3.Vicodin ( Pain )HydrocodoneN/A $20/$40 4.Synthroid ( Thyroid hormone )Levothyroxine$10/$12 $30/$60 5.Norvasc ( Blood Pressure )Lisinoprol$10/$12 $50/$150 6.Prilosec ( Acid Reflux )Rantidine$10/$12 $50/$150 7.Amoxicillin ( Antibiotic )Amoxicilin$10/$12 $5/$10 8.Metformin ( Diabetes )Metformin$10/$12 $30/$60 9.Zithromax ( Antibiotic )Amoxicilin $10/$12 $30/$60 10.Hydrochlorothiazide ( BP )Hydrochlorothiazide$10/$12 $50/$150 Walgreens requires a $20 Individual and $35 Family annual joining fee. A recent Kaiser Family Foundation 1. survey of the Top Ten Rx Prescriptions ( listed below ) showed that the average participant saves $ per year when they obtain prescriptions from wholesale vendors.

Top Ten PrescriptionsGeneric90 day HPHCTop Ten PrescriptionsGeneric90 day HPHC 1.Zocor ( Cholesterol )Lisinoprol$11.99 $50/$150 2.Lisinopril ( Blood Pressure )Lisinoprol$11.99 $5/$10 3.Vicodin ( Pain )HydrocodoneN/A $20/$40 4.Synthroid ( Thyroid hormone )Levothyroxine$11.99 $30/$60 5.Norvasc ( Blood Pressure )Lisinoprol$11.99 $50/$150 6.Prilosec ( Acid Reflux )Rantidine$11.99 $50/$150 7.Amoxicillin ( Antibiotic )Amoxicilin$11.99 $5/$10 8.Metformin ( Diabetes )Metformin$11.99 $30/$60 9.Zithromax ( Antibiotic )Amoxicilin $11.99 $30/$60 10.Hydrochlorothiazide ( BP )Hydrochlorothiazide$11.99 $50/$150 CVS requires a $15 Individual and $30 Family annual joining fee. A recent Kaiser Family Foundation 1. survey of the Top Ten Rx Prescriptions ( listed below ) showed that the average participant saves $ per year when they obtain prescriptions from wholesale vendors.

Top Ten PrescriptionsGeneric 30/90 day HPHCTop Ten PrescriptionsGeneric 30/90 day HPHC 1.Zocor ( Cholesterol )Simvastin$9/$16 $50/$150 2.Lisinopril ( Blood Pressure )Lisinoprol$9/$16 $5/$10 3.Vicodin ( Pain )HydrocodoneN/A $20/$40 4.Synthroid ( Thyroid hormone )Levothyroxine$9/$16 $30/$60 5.Norvasc ( Blood Pressure )Lisinoprol$9/$16 $50/$150 6.Prilosec ( Acid Reflux )Rantidine$9/$16 $50/$150 7.Amoxicillin ( Antibiotic )Amoxicilin$9/$16 $5/$10 8.Metformin ( Diabetes )Metformin$9/$16 $30/$60 9.Zithromax ( Antibiotic )Amoxicilin $9/$16 $30/$60 10.Hydrochlorothiazide ( BP )Hydrochlorothiazide$9/$16 $50/$150 Rite Aid has waived all joining fees. A recent Kaiser Family Foundation 1. survey of the Top Ten Rx Prescriptions ( listed below ) showed that the average participant saves $ per year when they obtain prescriptions from wholesale vendors.