SMITH MOUNTAIN LAKE - The Smith Mountain Lake Regional Chamber of Commerce is announving a plan to offer their members access to prescription medications at 50 to 87 percent rate reductions. The savings are made possible by RxCut ® whose program will be offered to members at no cost.
Last year, U.S. drug spending increased $43 Billion - the highest in 13 years - while the average copay increased 34%. However, real earnings for full-time, year-round workers were flat during the same time period. The difference between rising health care costs and income discourages people from obtaining the health care services they need. The SMLRCC’s leadership has decided to step in and offer a solution that lowers costs while requiring no financial commitment on the part of the participant.
The RxCut® program is entirely consistent with the Smith Mountain Lake Chamber’s mission to provide members much needed benefits.
“Employers need to be able to offer any and all solutions to their employees regarding health care costs,” said Executive Director, Vicki Gardner. “Any time that we are able to help drive health care costs down, we are doing what we have set out to do. We’re very happy to offer this solution to anyone who needs it.”
The RxCut ® card is generated by New Millennium Inc. ® in Mount Laurel, NJ and will be distributed in the Smith Mountain Lake area. The program is unique as unlike other discount cards, it can provide substantial savings to even those with prescription benefits. The program was engineered by Gerard
Ferro in 2008 after more than 28 years in benefit consulting and managed care network development.
The company earns its income only when the member saves at the pharmacy making it a truly performance based offering.