January 09, 2006

WE WANT CHEAPER DRUGS!

from my friend Zhana:

COSTCO! read this... 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: $0.7! 1
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!
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: $0.1! 3
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 you had to buy a prescription drug, and bought the name brand, you might pay $100 for 100 pills.& nbsp; 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.

8 Comments:

Anonymous Anonymous said...

I checked the prices of a few of the drugs I need at costco.com, they were about the same as any other pharmacy, 2 and 3 dollars a pill! If it sounds too good to be true, in America, it probably is.

8:20 AM  
Anonymous Anonymous said...

I thought this might be an urban legend, but it was based on an investigative report according to . What chaps my bippy is that part in their where Snopes says the markup chart is inflammatory because it fails to indicate that the raw price of the ingredients doesn't account for the costs that go into production, distribution, packaging, marketing, etc.

Right. I'm fairly certain you wouldn't see that kind of markup in many other products -- and especially not ones that are _necessary_ for our health. Furtherore, this is about _generics_ where the overhead is lower since 1. some other company did all the R& D and 2. all the marketing with the adverts, fancy packaging, and blow job dinners by drug sales reps for Merck, etc.

Whatever. As an uninsured single mom, I'm thrilled to death that, were I to get sick or get in an accident, I probably wouldn't be able to afford the cost of recuperation.

8:42 AM  
Anonymous Anonymous said...

Nice html fat finger on my part. Hope you can fix it bunny!

8:42 AM  
Blogger Lady Bunny said...

Honey, fat is fine around here! I just hope that Costco has generic exstacy! -B

10:30 AM  
Anonymous Anonymous said...

what about generic poppers?

10:50 AM  
Anonymous Anonymous said...

I am headed to costco right now to pick up some generix viagras, and Immodiums and a case of Depends.

1:48 AM  
Anonymous Anonymous said...

Unfortunately, the information is a partly true “urban legend”.
See below or check the links for yourself:

http://urbanlegends.about.com/library/bl_prescription_drugs.htm
or
http://www.snopes.com/medical/drugs/generic.asp
or
http://www.breakthechain.org/exclusives/genericrx.html

Sources and further reading:
Prescription Drug Pricing
Investigative report by Steve Wilson (WXYZ-TV, Channel 7, Detroit), 22 July 2002

Original article: http://www1.wxyz.com/wxyz/ys_investigations/article/0,2132,WXYZ_15949_2616943,00.html)

Prescription Drug Price Comparison Chart
Sidebar to Steve Wilson's investigative report

Original article: http://web.wxyz.com/extras/020925-drugchart.html)

Shame on You: Prescription Drug Prices
CBS-TV 2 New York, 28 February 2004
(New: Unfortunately, I couldn’t find this link at the CBS site)

7:48 AM  
Anonymous Anonymous said...

I found a prescription discount card to use when there isn't a discount pharmacy like Costco near-by. It's at www.rxdrugcard.com. Low membership fee. Drug prices posted on the website.

1:57 PM  

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