Prescription Drug Overpayments: How to Stop Wasting Money and Take Control of Your Health Costs

In this episode of the Strategic Wealth Strategies Podcast, Alan Porter and Neil Haley dive deep into one of the most overlooked ways Americans are being financially drained: prescription drug overpayments. With the average American spending more than $500 billion annually on prescription medications—and up to 25% overpaying without realizing it—Alan breaks down exactly why the system is broken and what you can do to cut your costs today.

From understanding how PBMs (Pharmacy Benefit Managers) profit off your prescriptions to offering five proven strategies to reduce your out-of-pocket costs, this episode is packed with practical, money-saving tips every listener can apply immediately.

✅ Key Takeaways:
💊 Why You’re Likely Overpaying:

Prescription prices vary drastically between pharmacies—sometimes over 700% difference for the same drug
PBMs often keep negotiated savings, instead of passing them to you
Using insurance isn’t always cheaper—sometimes cash prices are lower
Retail pharmacy prices are inconsistent and confusing
📉 The Real Cost:

Prescription drugs account for up to 40% of all healthcare costs
Americans over 65 will spend an estimated $315,000+ on healthcare over 20–25 years
Lack of transparency and middlemen are driving costs higher
💡 5 Ways to Avoid Overpaying for Prescriptions:

Ask for the cash price – It’s often cheaper than your insurance copay
Use discount apps – Try GoodRx, SingleCare, or RxSaver
Shop around – Big box pharmacies like Walmart and Costco can save you hundreds
Use mail order or wholesale services – Like Mark Cuban’s Cost Plus Drugs
Talk to your doctor – Ask for affordable alternatives or generics
🛡️ Alan’s Preventative Health Program:

Covers 1,100 prescription drugs at $0 copay
Doesn’t interfere with existing insurance or Social Security
Reduces FICA taxes by $500–$700 per employee for business owners
Boosts productivity by 8% and retention by 7% for employers
Helps both employees and business owners save big—without sacrificing care
🗣️ Quotes to Remember:
“Why would you book a flight without shopping around? But that’s what most people do with prescriptions.”
“The healthcare system profits off what you don’t know. It’s time to flip that script.”
“With my program, you can eliminate 40% of your healthcare costs—prescriptions—completely.”
📞 Contact Alan Porter:
Call: 910-551-1046
Email: [email protected]
Website: www.StrategicWealthStrategies.com
YouTube: Strategic Wealth Strategies – 500+ educational videos on financial wellness, healthcare savings, and retirement planning
“I don’t charge for consultations. I just believe in giving people the tools they need to take control of their money and their future.” – Alan Porter










Unleash your financial potential with Alan Porter of Strategic Wealth Strategies. Escape the shackles of debt, optimize your tax burden, and secure a TAX-FREE retirement. Our team of veteran CPAs, tax attorneys, and financial specialists have over 50 years of experience rescuing millions from unnecessary costs. Alan Porter, a SMART Advisor with a knack for paradigm shifts, will guide you beyond conventional financial planning to a brighter future. Ditch the debt, minimize the tax bite, and build lasting wealth. Learn how Strategic Wealth Strategies can change your financial game – contact us today!

You Can Find Alan on the web at:
https://www.strategicwealthstrategies...

Instagram:
  / strategicwealthstrategies  

Facebook:
  / strategicwealthstrategies  

To request a free video explaining SMART Retirement or to schedule a phone call to see if you qualify, message Alan on LinkedIn or contact the office at:
910-551-1046
or
[email protected]