Self Pay Pharmacies Offer BREAKTHROUGH In Affordable Care

With the insane costs of the health insurance system and most medications, some pharmacies, including Freedom Pharmacy, are opting toward self pay. John Iadarola and Aida Rodriguez break it down on The Damage Report.

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Frustrated pharmacists are opting out of the insurance system, saving some customers hundreds of dollars a month

"PICKERINGTON, Ohio — For years, Sharon Kitchen and her husband, Mike, went to the same pharmacy just 2 miles from their house in this suburb of Columbus. But last June, their pharmacist, Nate Hux, suggested that Sharon switch to a new pharmacy he had opened — right next door to his old one — which he said would save her more than $500 a year.

Hux has owned Pickerington Pharmacy, which takes nearly every kind of insurance, since 2016. In 2020, he launched Freedom Pharmacy, a separate business with an unusual model: It’s a pharmacy that takes no insurance, instead selling generic medications at wholesale prices, plus a small markup that goes to the pharmacy.

“At first I thought, ‘How do they do this?” Kitchen said. “But it turns out, if I go through my insurance, it’s going to be a higher cost for me.”"

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