01.09.24 Prescription Drug Pricing Changes / CD Saving Strategy And A RIPOFF Warning

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 9 January 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

The big pharmacies are folding under the pressure of competitive pricing. How to insure you pay less for prescriptions. Also today, Clark updates the state of the economy and interest rates, with guidance on how savers can lock in higher rates for longer. He also has an important warning about how to spot fake CDs. Rx Pricing Changes: Segment 1 Ask Clark: Segment 2 CD Rates & Saving Strategy: Segment 3 Ask Clark: Segment 4 Mentioned on the show: NYTimes - CVS Says It Will Change the Way Its Pharmacies Are Paid WSJ.com: CVS Plans to Overhaul How Much Drugs Cost Axios: CVS' drug price transparency push / Axios: CVS blows up PBM model CVS is shaking up drug pricing. You can thank Mark Cuban Walgreens Launches Digital Tool To Help Save On Prescription Costs 10 Ways To Save on Prescription Drugs Will Mark Cuban's Prescription Company Really Save You Money? What Is a 403(b) and How Does It Work? Target Date Funds: Clark's Favorite Retirement Investment How To Find and Claim Missing Money in Your Name Now May Be the Time to Lock In High Interest Rates on Your Savings What Is a CD Ladder and When Is It a Good Idea? 16 of the Best High-Yield Online Savings Accounts in January 2024 FDIC.gov / 3 Places You Should Never Invest Your Money IntraFi Network Deposits: ICS and CDARS Services from IntraFi He Stole Hundreds of iPhones and Looted People’s Life Savings. He Told Us How. Apple's New iOS 17 Security Feature Blocks Opportunistic iPhone Thieves Apple unveils new security feature to safeguard against thieves Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:25.7	It's great to have you here on the Clark Howard Show. You know our mission is to serve you with information that empowers you so you make better financial decisions in your life. I've got great news for you if you
0:46.6	take prescription drugs. The big pharmacies are feeling such marketplace pressure from discounters who were offering prescriptions
0:58.1	at much lower prices, that they're starting to change how they do things.
1:03.1	I want to make sure you're aware.
1:04.9	And also, I may ask so much about CDs
1:09.0	and what you should do right now with CDs if you're trying to put money aside in one.
1:16.0	I'm going to tell you what you need to know. Plus I need to tell you about a big rip off in the CD space
1:25.0	so you can protect your wallet.
1:30.3	So let's talk the two bigs. CVS and Walgreens are actually shrinking.
1:36.7	They are closing locations.
1:39.4	They are going through a midlife crisis
1:41.8	that I've talked about that have led to walkouts from their
1:46.6	employees and it's a miserable environment now for so many employees with CVS and Walgreens. The companies are
1:57.6	kind of lost in the wilderness right now. For consumers they they're very, very difficult companies to do business with because they've
	...

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