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Pfizer Launches Seniors Drug Card
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Business New Haven
1/21/2002
By: BNH
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GROTON - Beginning March 1, low-income seniors will be able to buy a 30-day supply of a Pfizer prescription medicine for $15. The Pfizer “Share Card” can be used at retail pharmacies and will be available to Medicare recipients who have an annual gross income below $18,000, $24,000 for couples. There is no enrollment fee.
Company officials estimate seven million Medicare-enrolled Americans qualify for the program. The card will cover more than 80 Pfizer medicines including drugs for diabetes, Alzheimer's disease and high blood pressure.
Hank McKinnell, Pfizer's chairman and CEO, said his company acted after efforts to pass a prescription drug benefit for seniors were delayed in Congress in the wake of the September terrorist attacks. “Our government has focused appropriately on national security and the war on terrorism,'' McKinnell said. “Until the administration, Congress and the states design an appropriate, high-quality, long-term solution for America's seniors, we are bridging the gap now for those most in need.''
The Pfizer drug card will be administered through the “Pfizer for Living” program, and will include a help line and educational materials for low-income seniors.
Pfizer medicines most often used by Medicare recipients include the cholesterol-lowering drug Lipitor, Neurontin for acute epilepsy, Norvasc for high blood pressure and angina and Zoloft for depression.
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