says it will provide 70 of its most widely prescribed prescription drugs -- including Lipitor and Viagra -- for free to people who have lost their jobs and health insurance.
The world's biggest drugmaker said Thursday it will give away the medicines for up to a year to Americans who lost jobs since Jan. 1 and have been on the Pfizer drug for three months or more.
The announcement comes amid massive job losses caused by the recession and a campaign in Washington to rein in health care costs and extend coverage. The move could earn Pfizer some goodwill in that debate after long being a target of critics of drug industry prices and sales practices.
The program also likely will help keep those patients loyal to Pfizer brands.
"Everybody knows now a neighbor, a relative who has lost their job and is losing their insurance. People are definitely hurting out there," Dr. Jorge Puente, Pfizer's head of pharmaceuticals outside the U.S. and Europe and a champion of the project, told The Associated Press in an exclusive interview Wednesday. "Our aim is to help people bridge this point."
The idea for the program came just five weeks ago, at a leadership training meeting, as the workers discussed how many patients are struggling, Puente said.
He said he urged top management to approve the program, presenting a recent Associated Press article about how newly uninsured diabetics are suffering serious complications because they can no longer afford the medicines and testing supplies. Approval came quickly.
"It was my idea," he said. "I floated it, and the reception it got was so dramatic that it very quickly became our idea."
Colleagues suggested employees could donate to a fund to help support the effort, Puente said. He said some employees had tears in their eyes when discussing how they could help people who had lost jobs.
Officials for New York-based Pfizer said they don't know how much the program will cost and haven't put a cap on spending for it.
Applicants will have to sign a statement that they are suffering financial hardship and provide a "pink slip" or similar employer notice. Applications will be accepted through Dec. 31, with medication provided for up to 12 months after approval -- or until the person becomes insured again.
Starting Thursday, patients can call a toll-free number, 866-706-2400, to sign up, and those whose drugs are not included in the program will be referred to other company aid programs. Starting July 1, patients can also apply through the Web site, PfizerHelpfulAnswers.com, which has information about the other Pfizer aid programs.
Pfizer and the rest of the drug industry are trying to have a voice in the debate over how to overhaul the U.S. health care system, partly by joining in a pledge this week to help hold down inflation of health costs.
"There's a long-term benefit there, beyond the goodwill and the publicity," said David Heupel, health care portfolio manager at Thrivent Large Cap Growth Fund. "Pfizer is trying to maintain their (market) share, if not grow their share" by keeping people from switching to generic versions of its drugs to save money.
"If you're already taking medication that's working, typically doctors don't push to change it," Heupel said.
Pfizer's program comes at a time when many drugmakers, including Pfizer, have been raising prices on their drugs, partly to offset declines in revenue as the global recession reduces the number of prescriptions people can afford to fill.
The 70-plus drugs covered in the program include several diabetes drugs and some of Pfizer's top money makers, from cholesterol fighter Lipitor and painkiller Celebrex to fibromyalgia treatment Lyrica and Viagra for impotence. Drugs from several other popular classes such as antibiotics, antidepressants, antifungal treatments, heart mediations, contraceptives and smoking cessation products also are included. Cheaper generic versions are available for quite a few of the drugs.
Pfizer said that from 2004 through 2008, its patient assistance programs helped 5.1 million people get 51 million Pfizer prescriptions for free or at reduced cost, with a total value of $4.8 billion
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Sounds to good to be true.Has anyone found any information about the permanent dentures procedure.How much does it cost?The recession has caused my biz to become non-existent.People don't have the money for entertainment industry.If that is'nt bad enough it is hard for me to try when I am afraid to smile.I need full dentures and I have no medicaL,dental and money.My self esteem has been totally deflated.Please is there any hope?
I'm not the kind of person who asks for much, and especially not money. I'm usually the one fundraising to help out others. But now I find myself in a real dilemma. If you know anything about the state of Michigan, we've been in a one state recession for over a year now. In April of 2006 I lost my job. My husband has not worked since 2004 and is legally disabled. While he gets disability, it's not much. His medications alone cost almost $200.00 a month. And last September he was hospitalized for 11 days. We have over $20,000 in debts I am trying to pay. I finally found a part time job, but it doesn't even cover my housing & utilities. More often than not, we have to scrounge bottles & cans in order to be able to buy food. I live in a single wide, 30-year old mobile home. I was fortunate enough to get the county where I live to provide new doors for me last year but now there's a huge split in my kitchen floor. Of course there's no insurance on the home or my truck. I pray every time I drive back & forth to work that nothing happens. If anyone can find it in their heart to make a contribution, I would be forever grateful. And just as soon as I am back on my feet, I will pay it forward and monitor this site to see who I can help. I do have a paypal account and you can email me at quiltbugg8972@yahoo.com. Thank you for listening and for your kindness. God Bless!
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Helping you get the medicines you need.
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http://www.familywize.org/
Click the link to find out where to get the card, participating pharmacies, how it works, more information about the card and look up drug prices. This is not a health insur... see full post
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http://www.in.gov/fssa/ompp/2544.htm
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If you have no medical coverage or prescription medical coverage you can sign-up for a FREE discount card to get your medications at over 65,000 pharmacies in the USA at a discount of up to 75%. The ... see full post
Here's good site for free or low cost medications.
Get all your diabetes supplies FREE on Medicare Part B You can search over 3000 medications for price and availability
http://www.xubex.com/Def... see full post