Rising Cost of Pet Medications

If you are a dog owner, or more generally, a pet owner, you have come to the right place at exactly the right time.

Why?

The very fact that you are a pet guardian means that at some point in your pet’s life, he or she will need a medication.  From preventatives like flea, tick and heart worm medications, to antibiotics and pain medications, the list of possibilities is endless.

The challenge specifically for those of us big dog parents is the increasing expense of these medications.  I have discussed how expensive big dogs are to purchase (through a reputable breeder), feed (naturally), and provide medical care for in numerous articles.  Among these are Top 7 Questions To Ask A Breeder When Buying A Puppy,   The 7 Most Common Mastiff Myths Debunked, and Top 7 Reasons Why BIG Dog Ownership Is Not Right For Everyone.

But with big dogs, comes higher doses, more pills, and as a result, higher medication costs.  This is our reality.

Disclosure

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Why are Pet Medications So Expensive?

 There are several reasons for the increasing cost of pet medications.   Keep in mind, this is not an all-inclusive list.  And I share these as facts, not for the purposes of polarization when it comes to healthcare.

  • Like with human medications, one of the reasons for the increase in costs is due to the sheer number of new and improved diagnostic and therapeutic treatments on the market.  Research and development is not free.  It comes with a cost.  And depending on how novel the treatment and how long it was studied, the expense of that research needs to be made up for somewhere.
  • Preventative care is another reason the amount of money spent on pet medications has increased.  Flea, tick and heartworm preventatives make up more than half of all pet medication expenditures.
  • If you obtain your pet medications from your veterinarian, expect a mark up between 100% – 160% plus a dispensing fee.  And for some medicines the markups are even higher: 567 percent for the anti-inflammatory steroid prednisone, 800 percent for the pain reliever tramadol, and more than 1,000 percent for the antibiotic amoxicillin, according to a 2009 survey of vet pricing conducted by the market research firm LHK partners.
  • Lastly, pet owners often unknowingly support the status quo because they are either unaware of their ability to get their pet medications elsewhere, or they prefer the convenience of getting them directly from their veterinarian.  Believe it or not, Congress has actually gotten involved when it comes to pet owners being “unaware” of their ability to get a prescription for their pet medication.  H.R.623 – Fairness to Pet Owners Act of 2017 seeks to “promote competition and help consumers save money by giving them the freedom to choose where they buy prescription pet medications, and for other purposes.”  It has been introduced in the House, but to my knowledge, has not yet made it out of committee.   If you feel strongly about this issue, reach out to your representative and let them know how you feel.

In my research for this post, I came across an interesting FTC staff report from May 2015:  Competition in the Pet Medications Industry Prescription Portability and Distribution Practices.   While lengthy, this report discusses in depth competition, automatic prescription release laws, and exclusive distribution of certain pet medications.  It is well worth the time if you are interested in reading about this topic further.

Big Dog Mom Experience with Pet Medications

The catalyst for this post actually arose out of my experience with Junior.  After having two separate bouts of chin acne gone bad and now a lump on his shoulder, I have had three separate opportunities to put into practice the tips I am about to share with you.

Despite all of my best efforts to keep his wrinkly chin dry and clean, Junior suffered for about six months last year with chin acne.  On two separate occasions he was prescribed Cephalexin, a cephalosporin antibiotic commonly used for surface bacterial infections like chin acne.

More recently, I found a lump on Junior’s shoulder which has been causing him pain.  At this point, all signs point to this lump being caused by some vaccines he was given several months ago.  My vet theorizes this lump started as a reaction to a vaccine but has turned into an abscess.  She recommended we try Clindamycin, an antibiotic reserved for serious infections like an abscess before we go in and remove the lump surgically.  For this particular issue he was prescribed Rimadyl, for his pain, and the Clindamycin.

Who would have thought pre-pubescent dog acne and a lump would change my life the way they have?

It wasn’t until I had the sense to ask for a prescription for Junior’s first round of Cephalexin that I realized the opportunity for savings that existed.  So, in my desperate effort to find a more economical way to access Junior’s medications, here is what I uncovered:

Cephalexin @ vet: $112
Cephalexin @ Walmart: $15.50

Clindamycin (300mg) @ Walmart: $206.50
Clindamycin (150mg x 2) @ vet: $68.00
Clindamycin (300mg) @ Costco: $35.50

This shocking disparity was the impetus for assembling the following 5 tips for saving money on pet medications.

5 Tips for Saving Money on your Pet Medications

1. Ask for a Prescription, Check Prices, and Shop Around

Prescription drug prices vary widely from pharmacy to pharmacy so shopping around is critical.

GoodRx for Pets is a free site that “collects prescription drug prices, coupons and discounts at more than 60,000 pharmacies and shows you how to save up to 80% on your prescriptions.”  As an added benefit, you can download their mobile app and have the ability to check prices of your pet medications at the click of a button on your phone.

Another tip when your dog is prescribed a medication is to ask for a less expensive, human equivalent for that medication.  Often, these human equivalents will be significantly cheaper, but no less effective.

Shopping around for the best price for Junior’s medication enabled me to save more than $96 for the Cephalexin and $171 for his Clindamycin.   For most people, these savings are significant and absolutely worth the time invested in finding them.

2. Inquire About Price Matching

When asked, many veterinarians will match the prices offered in retail or online pharmacies in order to retain your business.   With more people seeking ways to save money on their pet medications, many veterinarians are feeling a bit of pressure to bring their prices down to be more competitive in the marketplace.

Marketplace competition benefits consumers [pet owners] by reducing complacency, fostering innovation, and, as a result, lowering prices of pet medications.

3. Explore Online Pharmacies

Online pharmacies can be particularly valuable for dogs with chronic conditions for which medication is needed on an ongoing basis.

Look for online pharmacies that have been verified by the Vet-VIPPS program.  VIPPS stands for Veterinary Verified Internet Pharmacy Practice Sites and is a program run by the National Association of Boards of Pharmacy.  It is an accredited list of online pharmacies who have been verified to comply with federal and state licensing requirements and quality assurances.

Some popular online pharmacies that are now VIPPS accredited are:

4. Take Advantage of Discount Programs

If you choose to obtain your pet medications from a local retail pharmacy, be sure you ask about any discount programs they offer.  The following are a few options for increasing your savings on pet medications.

5. Purchase Pet Health Insurance

While I do not currently have pet insurance for Sulley and Junior, depending on your circumstances, it may be a great option for your dog.  We did have insurance for Burton and Maya many years ago and between Maya’s spay and Burton’s mast cell tumor, our savings more than paid for our premiums at the time.  Most pet insurance companies cover prescription medications for medically necessary diagnoses.

Healthy Paws Pet Insurance and Foundation.

“Control your own destiny, or someone else will.”  ~ Jack Welch

I commented above that high medical costs are the reality for big dog parents, but I do not believe they have to be.  Yes, Mastiffs will always be more expensive to own than Chihuahuas.  But it does not have to be the case that medications given to prevent a surgery be more expensive than the surgery itself.

While I want you to feel empowered and hopeful about the cost of pet medications, there are three key points that must not be forgotten in this discussion.

  • First, preventative care is essential.  This includes annual veterinary visits, immunizations when appropriate, a natural, species appropriate diet, and breed/age appropriate exercise, training and socialization.  A foundation of optimal care and, as a result, better health will reduce future financial burden.
  • Secondly, keep in mind the relationship you have with your veterinarian is a partnership, or should be.  Have an open dialogue with your vet about the cost of your pet’s medications.  Ask for price matching – then a prescription.  Not the other way around.  Give your vet the first right of refusal.
  • And lastly, plan ahead for these costs BEFORE you buy your large or giant breed puppy.  Do your due diligence.  Have an idea of how much your new puppy will cost you in purchase price, food and healthcare for the first two years and start saving.

Let’s not wait for Congress to act.  We have the power to control our own financial destiny and the healthcare destiny of our pets.

Please share these tips with other pet parents in your life using the share buttons below and let me know in the comments what additional savings tips you would add.

The Ultimate Guide to Saving Money on Pet Medications ultima modifica: 2018-05-15T06:12:20+00:00 da BigDogMom
Whether preventative or therapeutic, pet medications are an integral part of pet ownership.  Paying too much for them is not.  Find out how to save money on pet medications in this ultimate guide by Big Dog Mom.  #PetMedications #BigDogMom #PetHealth #PetHealthcare #BigDogs  Pet Medications / Pet Medications Dog / Pet Health Insurance / Healthcare Cost / Big Dog Mom