Parachute Rx: Peace of Mind for Uninsured Americans
Since launching in May 2020, Parachute Rx has helped nearly 165,000 consumers facing financial hardship save an average of $60 per prescription. As we begin to emerge from the pandemic, Parachute Rx will be winding down over the course of the next six months and will officially conclude at the end of the year.
Two short months ago, when the potential scale of the COVID-19 pandemic was becoming clear to us, our mission to improve the health, well-being and peace of mind of those we serve took on new meaning. Since the start of the pandemic, we have been developing new ways to deliver affordable, predictable, and simple health care in this unprecedented time when American families need it most.
Americans who are newly unemployed and uninsured face growing concerns that they may no longer be able to afford medications for themselves and their families. It is critical that we keep people on track with their medications to avoid adding more strain to our overburdened health care system, and to ensure that we come out the other side of this crisis healthy and strong.
This week, we launched a very special program designed to do just that. Express Scripts Parachute RxSM will help Americans secure many of their medications at affordable and predictable prices if they lose their pharmacy coverage as a result of COVID-19. The program offers deep discounts on prescription medications, capping costs at $25 for a 30-day supply of generics, and $75 for a 30-day supply of select brand-name medications for eligible consumers. Customers have the choice and convenience having medications delivered to their home from the Express Scripts Pharmacy, or from a broad network of retail and community pharmacies.
Express Scripts is uniquely able to bring a program like this to life thanks to our close industry partnerships, and our Inside Rx discount card program, which provides the infrastructure to deliver these discounts to eligible customers. We worked closely with pharmaceutical manufacturers and retail pharmacies to create an extraordinary program for this extraordinary time. I want to thank our partners for their willingness to work with us to help those most in need. We are marshalling every resource available to soften the landing for people who find their lives upended by this pandemic.
In addition to helping patients, we’re also offering an important service to our clients who may be facing difficult decisions regarding their workforce. With Parachute Rx, we can ease one of their burdens by helping their affected employees with affordable medications. We’ll even transfer prescriptions for affected individuals who currently use the Express Scripts Pharmacy to the Parachute Rx program if they chose to participate.
These past two months have challenged us all in many ways. At Express Scripts, we don’t run away from challenges – we rise up to them.
The story of Parachute Rx is just one example of our passionate and creative teams, and our innovative industry, coming together to swiftly build a new solution to a new challenge in the service of people who depend on us.