Thank goodness for Costco for low cost Prescriptions

Discussion in 'Fibromyalgia Main Forum' started by lovinlifeinAK, Jan 17, 2006.

  1. lovinlifeinAK

    lovinlifeinAK New Member

    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
    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
    Cons! umer pri ce (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 investig! ation, 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. 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 exam! ple 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 pharmac! y, 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

    [This Message was Edited on 01/17/2006]
    [This Message was Edited on 01/19/2006]
  2. lovinlifeinAK

    lovinlifeinAK New Member

    change title
  3. JLH

    JLH New Member

    Just a thought .... for those who don't have insurance and wanted to get their meds through Cosco ....I wonder if people can order their meds thru the internet from Costco? There are no Costco stores around when I live--that would be the only way I could do it.

    I have a mail order pharmacy that I have to get all of my drugs from ... for $10, $15, or $30 copays.
  4. Casamadre5

    Casamadre5 Member

    We pay huge sums for our meds, but there are ways to get what you need. It is so easy to place blame. I'm grateful for the pharmaceutical industry that takes all the risk, pays for all the r& d then maybe in 10 years can get a med on the market. One negative result & the trial lawyers have a field day. Example; very few companies now make vaccines because of the huge liabilities. Now we are fearful of avian flu and super bugs with not enough capacity to make the antidotes/vacinne to combat these threats. Buyer beware and be a wise consumer are always important things to keep in mind. I want companies to do the work they can to find cures for what ails us! Our system is very effiecien at rooting out the bad guys....unfortunately in our zeal, we sometimes snag some of the white hat guys, too.
  5. lovinlifeinAK

    lovinlifeinAK New Member

    but I have read how many people have little to no money, as well as no insurance. When I read it my first thought was all my fibro friends.
  6. lovinlifeinAK

    lovinlifeinAK New Member

    I know so many are not rich.
  7. lovinlifeinAK

    lovinlifeinAK New Member

    again, I want to make sue everyone knows......
  8. lea

    lea Member

    your local Walmart, is the least expensive. This is a special department.

    I can post their phone number, if you wish.

    best,
    lea
    [This Message was Edited on 01/23/2006]
  9. maripat

    maripat New Member

    I am saving $245 a month

    maripat