08.22.22 Prescription Price Changes & Workarounds / 2 Great New Cell Plan Deals

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 22 August 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

New meds are the most expensive ever. 8 of 13 new drugs cost over $200K per year! Clark explains how the big pharma game is played, generic vs “defensive” combo drugs & shares his workarounds for saving. Also - what we pay for cell service can make a big difference in our finances and today there are many ways to reduce cost without compromising service. Clark has great news for your wallet from 2 different cell phone brands - Verizon’s Visible and Boost Mobile. Rx Savings Strategy: Segment 1 Ask Clark: Segment 2 2 Cell Plan Deals: Segment 3 Ask Clark: Segment 4 Mentioned on the show: 7 Things To Know About Costco Pharmacy - Prescription Drugs Mark Cuban pharmacy Cost Plus Drugs - CNBC - Cost Plus Drugs Best Free Password Managers: 7 Top Picks How to Pass on Your Passwords When You Die - The Wall Street Journal. Visible Review: 5 Things To Know Before You Sign Up Visible Wireless: Price Drop and New Premium Plan Visible Unlimited Phone Plans | No Annual Contract Boost Mobile Introduces New $25 Monthly Unlimited Plan -BOOST - Unlimited Data $25/mo. Best Cell Phone Plans in 2022: Deals for Every Budget Get the Best Value Apple Watch Plan from Visible - $5/mo T-Mobile Connected tablets, smartwatches, hotspots, and device data plans 5 Things To Know Before You Buy a Refurbished Phone What Is a SEP IRA and Who Is Eligible? Fidelity Investments Review 2022: Pros & Cons Clark.com resources Episode transcripts 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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0:00.0	It's my pleasure to welcome you to the Clark Howard Show, where our mission is to serve
0:09.4	you and empower you to make better financial decisions in your life.
0:15.0	In this episode, prescription drugs are the riddle, getting more expensive and less expensive
0:22.7	at the same time.
0:25.2	How could both those things be true at once?
0:28.2	We're going to talk about that, we want to talk about workarounds as well.
0:32.6	Also, there's a new cell phone plan I want you to know about, and it's actually for one
0:39.3	individual $25 a month unlimited.
0:44.7	That's cheap, but you got to know the hoops you got to jump through.
0:48.9	I'm going to tell you.
0:51.6	New report out that new prescription meds are the most expensive they have ever been.
1:01.5	Ever been.
1:03.2	So eight of the 13 new drugs that have been launched this year cost you or you're insurer if
1:12.9	they're involved or the feds if they're involved over $200,000 a year.
1:21.6	Let me say that again.
1:22.6	So eight of the 13 newest drugs launched this year cost over $200 grand per year to take
1:31.2	them.
1:33.2	Average income in the United States, depending on how you measure it, let's say it's $60,000
1:37.8	a year.
1:39.2	So we're talking about more than three times income just to take a med for a year.
1:47.3	Okay.
1:48.3	That is past bonkers.
	...

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