Survey Shows Small Business Employees Much More Likely to Ask Medical Professionals for Ways To Save on Medication
Switching to generics can save $200 - $1000 per year
PHILADELPHIA, October 01, 2009 - A recent Cigna survey of consumers across the country found that employees at small companies are more likely than those employed by larger companies to look for ways to save money on prescription drugs. The same study found that 60 percent of consumers are willing to spend 30 minutes on a Web site comparing costs and services if it will save them $100. Yet, only 40 percent say that they have actually compared prices for their prescriptions, even though switching from a brand name drug to a generic drug can save $200 per year on average per prescription.
Additional survey findings include:
"Consumers, especially those employed by small companies, want information on ways to save money on medications. That's why we offer options to help customers save money on their prescription drugs," said Kurt Weimer, president for Cigna's individual and small group business. "Cigna's customers have access to the company's online prescription drug price quote tool where people can compare generic and brand name prices at local retail pharmacies or from Cigna Tel-Drug Home Delivery Pharmacy."
A separate survey from Cigna found that when consumers did comparison shop, only one-third (31 percent) used the Internet to compare drug prices. Of those who do use the Internet to comparison shop for drugs, more than one in five (22 percent) were between the ages of 18-34. "Our goal is to help employers and their employees get the information they need in a manner that works for them," adds Weimer. "That's why we also offer tips to help people speak to their physician about generic drug options and provide access to nurses to answer questions by phone."
To learn more information about how to save money on prescription drugs, please visit www.cigna.com.
¹ Survey defines smaller employers as those companies with 2 - 250 employees.
² Survey defines larger employers as those companies with more than 250 employees.
Cigna (NYSE:CI), a global health service company, is dedicated to helping people improve their health, well-being and sense of security. Cigna Corporation's operating subsidiaries provide an integrated suite of medical, dental, behavioral health, pharmacy and vision care benefits, as well as group life, accident and disability insurance, to approximately 46 million people throughout the United States and around the world. To learn more about Cigna, visit www.cigna.com. To sign up for email alerts or an RSS feed of company news, log on to http://www.cigna.com/section_display.cfm?section_id=18.
Other articles in News Releases:
- Cigna Employees Go Local to Improve Health of Their Communities
- Cigna Foundation Commits $100,000 to Help High School Students Make Healthier Choices through Peer Health Exchange
- PBMI Recognizes Cigna with Excellence Award for Cost Containment
- Cigna Declares Annual Dividend
- HIMSS ’19: Data-Driven Tools from Cigna and Express Scripts Boost Access to Real-Time Prescription Savings Opportunities
- Cigna Transition to Value-Based Health Care Results in $600 Million in Medical Cost Savings