ApotheCard, Inc. Notifies Customers of Wal-Mart's Decision to Remove Electronically Stored Prescription Discount Card Information

09 Feb, 2016, 06:12 ET from ApotheCard, Inc.

CARPINTERIA, Calif., Feb. 9, 2016 /PRNewswire/ -- ApotheCard, Inc. announced today that Walmart has removed all electronically-stored prescription discount card information contained in pharmacy customer profiles according to preliminary customer claims data for February from PS Card Prescription Savings Card. This may affect consumers who fill prescriptions at over 4,800 Walmart and Sam's Club pharmacies in the U.S. Uninsured and underinsured consumers who struggle to afford their prescriptions and rely on discount cards to make ends meet will pay the undiscounted cash price for their next prescription unless they present a prescription discount card to reinstate their discounts. Walmart customers with insurance benefits are not affected and will not have to provide a physical insurance card if one is already on file.

  • Walmart Pharmacies fill 25% to 35% of prescriptions for uninsured consumers, making it the leading U.S. pharmacy for the uninsured.
  • In 2013, combined Walmart and Sam's Club Pharmacy sales were $18.4 billion.
  • Kaiser Family Foundation estimates that 32 million Americans are currently without health insurance.

Uninsured Walmart and Sam's Club customers must act to restore their discount pricing
"All Walmart and Sam's Club uninsured customers must now take action to reinstate their purged prescription discount information to obtain discounted prescriptions," said Jim Robbins, president of ApotheCard, Inc. / PS Card. "PS Card members save an average of $35 per month with our negotiated discounts applied to their prescription purchases. Now customers must show the pharmacy their existing card or a new discount card for every purchase." A smartphone-enabled PS Card is available for free from www.pscard.com.

According to Robbins, this move has stunned the discount card industry. Standard pharmacy practice is to save prescription discount information in the customer's profile. "No one knows why Walmart took action with no advance notice to prescription card companies or their customers."

About PS Card
PS Card is a free prescription discount card that offers uninsured consumers access to discounted pricing for FDA-approved prescription drugs and other prescription items. Everyone qualifies. PS Cards are accepted at over 56,000 pharmacies in the U.S. and its territories. Instant and smartphone-enabled PS Cards are available at www.pscard.com. PS Card is a registered trademark of ApotheCard, Inc. All other trademarks are the property of their respective owners.

 

SOURCE ApotheCard, Inc.



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