May 8, 2014
Beware: National Prescription Savings Network
If you have recently received a notice in via U.S. mail from the National Prescription Savings Network, please know that the "free supplemental coverage" mentioned in the letter is not a part of the Affordable Healthcare Act or "Obamacare" as also stated.
The New York Better Business Bureau gives the company a C rating, and further states its parent company is ScriptRelief LLC that operates under five alternate business names:
- U.S Prescription Discounts
- Help Rx
- Rx Relief
- The Healthcare Alliance
- National Prescription Savings Network
ScriptRelief LLC is actually a marketing firm that makes money through payments by drug companies when the card is used. According to the Los Angeles Times, Loeb Entreprises is the New York marketing company that co-owns Script Relief and its various aliases with a company called Catamaran, which specializes in negotiating drug prices with pharmacies. The websites of ScriptRelief LLC and Loeb Enterprises share the same Fifth Avenue address in New York.
ScriptRelief LLC also claims that it can save between 50 and 75 percent off prescription prices; however, a study conducted by Consumer World of discount cards including Costco and AAA found that savings were likely to be closer to 16 percent.This is a guest post by Jenny Garner, Community and Economic Development Educator.