TUCSON, Ariz. –April 28, 2005 – ScriptSave, a leading provider of prescription drug discount programs, enters its second decade in business reporting total cardholder savings of more than three-quarters of a billion dollars.
Annual cardholder savings in 2004 totaled more than $170 million. ScriptSave cardholders’ out-of-pocket savings for prescription drugs ranged from 15-50 percent in 2004, with a national average of 21 percent or $10.97 per prescription. Cardholders using ScriptSave Premier, the company’s Medicare-approved drug discount card, experienced out-of-pocket savings averaging 22.78 percent or $13.71 without paying any enrollment fee to participate in the program. The number of ScriptSave cardholders rose from 10 million in 2003 to more than 12 million in 2004. Additionally, ScriptSave Premier and its private label sponsors have enrolled over 330,000 Medicare beneficiaries to date, making it a top choice for voluntary enrollment.
“At a time when prescription prices continue to escalate, ScriptSave products provide our partners with a way to offer an affordable pharmacy benefit,” says Lori Bryant, President and CEO of ScriptSave. “We are actively developing new products to meet the needs of the growing population of underinsured and uninsured Americans. ScriptSave is ideally positioned to leverage our expertise and sponsoring organization relationships to develop services around the new Medicare Part D program and address the public’s increased awareness about the benefits of prescription drug discount card programs.”
ScriptSave’s success is based on the company’s ability to offer over 300 business-to-business partners a selection of turn-key, value-added healthcare benefits that help the organizations build their customer base and increase customer loyalty. The roster of business-to-business partners, which includes insurance companies, health plans, employer groups, third party administrators, associations, municipalities, and organizations, offers ScriptSave cards to help their members reduce their out-of-pocket prescription drug expenditures and allow them to afford their needed medications.