The Clark Howard Podcast 06.04.25 Executive Spotlight on Rx Prices / Workarounds For High Beef Prices
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Jun 4, 2025 Discover the high stakes of prescription drug prices in the U.S. as a recent executive order aims to bring relief. Learn about the hidden costs from pharmacy benefit managers and get savvy tips to save on your meds. Meanwhile, beef prices are surging, attributed to the lowest cattle herds in decades. The discussion highlights shifting dietary habits and the impact on restaurants. Plus, there's a dive into the pros and cons of stock trading apps like Robinhood, emphasizing the importance of financial literacy in today’s world.
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PBMs Inflate Prescription Prices
- Pharmacy benefit managers (PBMs) increase drug prices through kickbacks, making insured prices higher than cash prices.
- Paying cash for prescriptions at places like Costco often results in cheaper medication than through insurance plans.
Compare Pharmacy Pricing Options
- Compare prescription drug costs between your insurance plan and paying cash at pharmacies like Costco.
- Use Costco's Visa card for an additional 2% discount when paying cash for medications.
Avoid Third-Party Vehicle Warranties
- Avoid third-party vehicle warranties as they often don't pay claims and can leave you unprotected.
- Extend manufacturer's warranty directly through the manufacturer for better coverage and reliability.