Seven major drug companies are offering elderly consumers a discount card that will let them save on more than 100 brand-name drugs.
The card is called the Together Rx card. The companies say it will be offered free to eligible medicare enrollees. The companies said discounts will range from 20% to 40% off the price individuals usually pay.
Participating in the new card are Abbott Laboratories, Astrazeneca, Aventis, Bristol-Myers Squibb co., Glaxosmithkline, Johnson & Johnson and Novartis.
Enrollment begins immediately and the cards become effective in June.
Two other major pharmaceutical companies have announced their own discount cards -- Pfizer and Eli Lilly.