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Thread: Drug costs

  1. #1
    Distinguished Community Member Jeanie Z's Avatar
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    Smile Drug costs

    :) Hi everyone. I received this info in an email and thought it worth sharing. Jeanie :)


    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
    Percent 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%
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    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.
    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 prices gouging by pharmacies. He found in his investigation that some of these generic drugs were marked up as much as 3,000% or more. 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 you 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 the 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 prescriptions 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.
    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

    Sam's Club prices like Costco
    Last edited by Jeanie Z; 10-13-2013 at 08:44 AM. Reason: typo & add Sam's

  2. #2
    Distinguished Community Member renee's Avatar
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    July '13 Medicare Part whatever reimbursement: Zoloft generic/ 30tab 100mg= $3.46

    CVS is no bargain but it is open 24/7 if you need kleenex.

  3. #3
    Distinguished Community Member SalpalSally's Avatar
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    Yes Renee, they sure aren't a bargain, but CVS delivers.
    Their generic prozac is 123.00 for 90 days, which is 50.00
    more expensive than my old Pharmacy.
    Last edited by SalpalSally; 10-15-2013 at 08:45 AM.
    Love, Sally


    "The best way out is always through". Robert Frost







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