Cost of Medication

This is true and can be verified at snopes.com....see link below....

http://www.snopes.com/medical/drugs/generic.asp

Make sure you 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 ..

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
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%


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.