John Tierney explains how Blink is revolutionizing how Americans purchase their prescriptions.
We’re excited to be featured in City Journal’s latest article on drug pricing in America, “Disrupting the Pharmacy.”
Author John Tierney delves into the opacity of drug pricing and why it’s in such need of change. He points out some of the industry’s biggest problems:
“…at the pharmacy, neither the buyer nor the seller knows what the price is. In choosing among drugs to prescribe, your doctor doesn’t know how much each will cost you or your insurance company. You can’t find out what you’ll pay until after you’ve chosen a pharmacy to handle the prescription. The pharmacist must contact the insurance company to find out how much to charge you — and even then, he doesn’t know whether the transaction will be profitable.”
Who thrives off this lack of transparency and limited consumer choice?
Tierney says it’s the middlemen, “…who have exploited the system’s secrecy and complexity to profit at the expense of patients, local pharmacists, drug manufacturers, and taxpayers.”
How is Blink changing things?
“The founders of Blink Health offer an alternative: the chance to eliminate the middlemen and comparison-shop at their website to see if you can get a better deal…”
Read the full article to learn how Blink Health is bringing true free market principles to the pharmaceutical supply chain, why the industry is resisting and how Blink is already helping hundreds of thousands of patients across the country.
Blink Health is not insurance. The discount prescription drug provider is Blink Health Administration, LLC, 233 Spring Street, 8th Floor East, New York, NY 10013, (844) 366–2211, www.blinkhealth.com