FamilyWize Partnership saves residents $191,379

United Way of Champaign County and FamilyWize Community Service Partnership, the nation's leading provider of free prescription drug discount cards, along with 1,000 other local United Ways today announced the milestone achievement of having helped more than 5 million people get medicine they otherwise would not have been able to afford.  Locally, 2,573 people have been directly helped by this program, saving $191,379.

 
“Saving people money on necessary prescriptions is vital to the health and well-being of our families and our community,” said Sue Grey, President & CEO, United Way of Champaign County.  “Too often, not taking medicine you need because you can’t afford it begins a series of consequences that could start with disease progression and end with large medical bills or even bankruptcy.” 
 
“United Way is focusing on creating opportunity for all by improving health, education and financial stability,” said Stacey Stewart, U.S. President of United Way Worldwide.  “Our partnership with FamilyWize helps us advance that cause, and 1,000 United Ways across America are helping people be healthier and more productive.”
 
Since 2005, FamilyWize, United Ways and pharmacies around the country have helped people stay healthy and productive in more than 95 percent of all U.S. counties. The partnership has provided free prescription discount cards that help people get the medicine they need, accounting for more than $500 million in direct savings on prescriptions. Patients in our area have saved $191,379 since the program began.
 
Dan Barnes, president and CEO of FamilyWize, noted the significance of reaching the $500 million milestone, explaining that, “We set an ambitious goal for our partnership - to help families save $1 billion on the cost of medicines by the end of 2015.  Now we’re halfway there.”
 
Studies show the partnership addresses a critical need.  According to Consumer Reports, Americans who are financially strapped tend to skip medicine or lower their dosages. A New England Journal of Medicine article reported that the cost of medicine not taken exceeds $100 billion each year on avoidable hospitalizations and $177 billion on additional healthcare costs.  And a Harvard University/CVS Caremark study shows that taking medicine as prescribed can save as much as $7,800 per patient annually, money that otherwise would be spent on emergency rooms, hospitalizations, tests and other procedures. Financial complications that often arise when necessary medicine isn’t taken as prescribed include absenteeism, job losses, mortgage forfeitures and bankruptcies.
Savings are often as high as 75% off the price charged without the card, which can be used for any FDA approved medicine at most pharmacies. With average savings of about $20 per prescription, the FamilyWize card often means families can avoid an unpleasant choice between getting medicine or buying food.
For more information about the free prescription cards, call United Way of Champaign County at (217) 352-5151.  To compare discounted prices of prescriptions at nearby pharmacies or for more about the program, visit FamilyWize.org

 

 

 

 

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