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05-01-2008, 04:09 PM | #1 |
No Longer a Member Join Date: Jan 2007 Location: PORTERVILLE, CA
Posts: 1,574
| COSTCO- by far, Cheapest Prescription Meds *Snopes Verified, TODAY* I thought this might be a help to some who are not insured and have expensive prescriptions or insurance doesn't cover certain meds. I have personally verified the information at Snopes Snopes Verification: Urban Legends Reference Pages: Generic Drugs This is worth reading. Be sure to read to the end. You will be amazed. Let's hear it for Costco!! (This is just mind-boggling!) Make sure you read all the way past the list of the drugs The woman that signed below is a Budget Analyst out of federal Washington , DC offices. Did you ever wonder how much it costs a drug company for the active ingredient in prescription medications? Some people think it must cost a lot, since many drugs sell for more than $2.00 per tablet. We did a search of offshore chemical synthesizers that supply the active ingredients found in drugs approved by the FDA. As we have revealed in past issues of Life Extension, a significant percentage of drugs sold in the United States contain active ingredients made in other countries. In our independent investigation of how much profit drug companies really make, we obtained the actual price of active ingredients used in some of the most popular drugs sold in America. The data below speaks for itself. Celebrex: 100 mg Consumer price (100 tablets): $130.27 Cost of general active ingredients: $0.60 Percent markup: 21,712% Claritin: 10 mg Consumer Price (100 tablets): $215.17 Cost of general active ingredients: $0.71 Percent markup: 30,306% Keflex: 250 mg Consumer Price (100 tablets): $157.39 Cost of general active ingredients: $1.88 Percent markup: 8,372% Lipitor: 20 mg Consumer Price (100 tablets): $272.37 Cost of general active ingredients: $5.80 Percent markup: 4,696% Norvasc: 10 mg Consumer price (100 tablets): $188.29 Cost of general active ingredients: $0.14 Per cent markup: 134,493% Paxil: 20 mg Consumer price (100 tablets): $220.27 Cost of general active ingredients: $7.60 Percent markup: 2,898% Prevacid: 30 mg Consumer price (100 tablets): $44.77 Cost of general active ingredients: $1.01 Percent markup: 34,136% Prilosec : 20 mg Consumer price (100 tablets): $360.97 Cost of general active ingredients $0.52 Percent markup: 69,417% Prozac: 20 mg Consumer price (100 tablets) : $247.47 Cost of general active ingredients: $0.11 Percent markup: 224,973% Tenormin: 50 mg Consumer price (100 tablets): $104.47 Cost of general active ingredients: $0.13 Percent markup: 80,362% Vasotec: 10 mg Consumer price (100 tablets): $102.37 Cost of general active ingredients: $0.20 Percent markup: 51,185% Xanax: 1 mg Consumer price (100 tablets) : $136.79 Cost of general active ingredients: $0.024 Percent markup: 569, 958% Zestril: 20 mg Consumer price (100 tablets) $89.89 Cost of general active ingredients $3.20 Percent markup: 2,809 Zithromax: 600 mg Consumer price (100 tablets): $1,482.19 Cost of general active ingredients: $18.78 Percent markup: 7,892% Zocor: 40 mg Consumer price (100 tablets): $350.27 Cost of general active ingredients: $8.63 Percent markup: 4,059% Zoloft: 50 mg Consumer price: $206.87 Cost of general active ingredients: $1.75 Percent markup: 11,821% Since the cost of prescription drugs is so outrageous, I thought everyone should know about this. Please read the following and pass it on. It pays to shop around. This helps to solve the mystery as to why they can afford to put a Walgreen's on every corner. On Monday night, Steve Wilson, an investigative reporter for Channel 7 News in Detroit , did a story on generic drug price gouging by pharmacies. He found in his investigation, that some of these generic drugs were marked up as much as 3,000% or more. Yes, that's not a typo.....three thousand percent! So often, we blame the drug companies for the high cost of drugs, and usually rightfully so. But in this case, the fault clearly lies with the pharmacies themselves. For example, if yo u had to buy a prescription drug, and bought the name brand, you might pay $100 for 100 pills. The pharmacist might tell you that if you get the generic equivalent, they would only cost $80, making you think you are 'saving' $20. What the pharmacist is not telling you is that those 100 generic pills may have only cost him $10! At the end of the report, one of th e anchors asked Mr. Wilson whether, or not there were any pharmacies that did not adhere to this practice, and he said that Costco consistently charged little over their cost for the generic drugs. I went to the Costco site, where you can look up any drug, and get its online price. It says that the in-store prices are consistent with the online prices. I was appalled. Just to give you one example from my own experience, I had to use the drug, Compazine, which helps prevent nausea in chemo patients. I used the generic equivalent, which cost $54.99 for 60 pills at CVS. I checked the price at Costco, and I could have bought 100 pills for $19.89. For 145 of my pain pills, I paid $72.57. I could have got 150 at Costco for $28.08. I would like to mention, that although Costco is a 'membership' type store, you do NOT have to be a member to buy pr escriptions there, as it is a federally regulated substance. You just tell them at the door that you wish to use the pharmacy, and they will let you in. (this is true) I went there this past Thursday and asked them. I am asking each of you to please help me by copying this letter, and passing it into your own e-mail, and send it to everyone you know with an e-mail address. Sharon L. Davis Budget Analyst U.S. Department of Commerce Room 6839 Office Ph: 202-482-4458 Office Fax: 202-482-5480 E-mail Address: sdavis@doc.gov Last edited by sammiz; 05-01-2008 at 04:11 PM. |
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05-01-2008, 07:49 PM | #2 |
YT 3000 Club Member Join Date: Feb 2006 Location: Pennsauken , NJ
Posts: 4,068
| good info
__________________ Bernadette & Romeo |
05-02-2008, 02:33 AM | #3 |
Yorkie Kisses are the Best! Donating Member | That makes me SICK ! (but I Can't afford to treat myself !)lol ...it really does make me sick to see that - With so many unable to afford insurance and the drugs costing so little to make yet PRICED SO HIGH I can say from experience that the American consumer is getting SO RIPPED OFF BY these companies. When my husband was diagnosed - just ONE of his inhalers cost almost $200 retail from Walgreens. I used to have to run around and get samples from his doctors and we ended up ordering from India. I always knew we're getting shafted by these drug companies - but it looks even worse to see those markups.... |
05-02-2008, 02:49 AM | #4 |
YT 500 Club Member Join Date: Jun 2006 Location: Middleville
Posts: 933
| I'm glad for the information, I just hate Costco(the worst customer service ever!).
__________________ http://www.dogster.com/pet_page.php?j=t&i=369717 |
05-02-2008, 06:29 AM | #5 |
Furbutts = LOVE Donating Member Moderator | This does look great - but I just went on their website - to look up (as they say above) my own prescription prices. And as far as I can tell, there is no way possible to check their drug prices online. So, I'm confused....
__________________ ~ A friend told me I was delusional. I nearly fell off my unicorn. ~ °¨¨¨°ºOº°¨¨¨° Ann | Pfeiffer | Marcel Verdel Purcell | Wylie | Artie °¨¨¨°ºOº°¨¨¨° |
05-02-2008, 07:33 AM | #6 |
Love The Verminator! Donating Member Join Date: Jul 2006 Location: ny
Posts: 4,282
| Before my Dad died of cancer(Multiple Myeloma), his Dr. gave him a prescription for Thalidimyde to help exend his life. The Dr. told him it was expensive, he was sorry, but it was the prescription company that was ripping the public off. Thalidimyde costs cents to make but it cost the public $1000.00 per month to buy. My Dad asked him why and the Dr. (who was a very honest, down to earth guy) said "Because the company knows that people will pay that amount to be able to live a little longer. And, because it was a drug that had been around for a long time but only recently being used as a cancer treatment (instead of for morning sickness), insurance companies considered it an experimental drug and wouldn't cover it. My Dad had 3 different med. ins. companies and it took many, many months to finally get his military insurance to cover it. In the meantime, he paid $1000.00/month to be able to spend more time with his loved ones. I have several family members that have gone off their prescriptions simply because they can't afford them. I think it's atrocious that companies charge so much simply because they can and they know there are enough people that will pay it. I applaud WalMart for their $4.00 prescription program. It is a blessing for many people who would otherwise be without the medical help they need. I also applaud the few Dr.'s who will do their best to keep their patients supplied with samples when they can't afford their prescriptions and, for whatever reasons, can't use alternative drugs.
__________________ Roxy loves Alphy Remi loves Millie [COLOR="Purple"]Mom to RoxyJo & Remington , Fozzy Bear & Chloe |
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