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WITH PRESCRIPTION PRICES ON THE RISE, THIS STARTUP IS SHAKING UP PHARMA FROM THE INSIDE OUT

July 10, 2019 / MURIEL VEGA

In 2017, U.S. healthcare spending grew 3.9 percent, reaching $3.5 trillion. On average, that’s more than $10,000 per person. Smaller employers are having a hard time keeping up with rising costs, causing many to move to high-deductible plans that shift the cost burden onto the employee, says Reuben Buckareff. “Everybody wants to retain good employees. We’ve got a really tight labor market. Employers are stuck between a rock and a hard place because their insurance keeps going up every year. Benefits are the second largest line item after payroll,” Buckareff tells Hypepotamus. “With high-deductible policies, people are having to deal with more and more of their own decision-making as employers shift since they can’t afford insurance.” With high deductible plans comes higher-cost prescriptions, as well. This can be mitigated by searching for a better deal at a specific pharmacy or provider, but how do you know where you can find those deals in real-time? Clutch Health wants to help you do just that. The app captures electronic prescriptions that come in from a doctor. The patient can pick the most affordable price from pharmacies in the area right on the app. It then quickly forwards the prescription to the chosen pharmacy.