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Current Events & Hot Topics Current Events & Hot Topics

Pharmaceuticals Mark-up Rx several THOUSAND percent!

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If you know me at all, you know I'm not a fan of pharmaceuticals, but this is unbelievable, and it needs to be passed around.

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Story verified at 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.

Sharon L. Davis
Budget Analyst
U.S. Department of Commerce


by on Mar. 7, 2009 at 10:59 PM
Replies (11-13):
Wyldbutterfly
by Bronze Member on Mar. 8, 2009 at 10:54 AM

This really burns my ass. I am going to look at Coscos website. My family goes uninsured and both my husband and daughter are on daily pills, my daughter also takes Maxalt which is a pain pill for her migraines.

My daughters pills for Topamax are 82 dollars a month for 30 pills. Her Maxalt 10MG. pills for 12  are 324 dollars. 

Two of my husband BP pills I get for four dollars at Walmart(pharmacy sucks) but for four dollars I can't go wrong, and his other pills at Walmart are very inexpensive compared to our local pharmacy.

There have been a few time to where I had to choose pills, bills or groceries and to know that the markups on these pills are in the thousnads percent it BURNS MY ASS BIG TIME!angry

dr_m
by on Mar. 8, 2009 at 11:42 AM

i should mention i have found a small local pharmacy near me who has a price on an rx i take that is same as costco and about 20 % of what chains like cvs were charging me..  saves me trip since no costco near by... and walmart i havent tried but may switch to  one of their $4.00 generics...  

 

JJTaylor
by Member on Mar. 8, 2009 at 5:08 PM

Although I love Costco, and I do think they have good prices on some things... but, just with anything else, shop around! 

Walmart, Target, Walgreen's, and many local pharmacies will surprise you... some have generics for like $4 a month!  There are tons and tons of generics that offer at this price!  Often times too, small local pharmacies in your neck of the woods might also offer pretty cheap generics, ours does, if you buy their $4 card, (sort of like an extra insurance card method) and they offer all their generics at $4 for a months Rx!

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