I just received this information via email and figured it is imortant for
people to know about this. Faith
Sent: Friday, August 24, 2007 11:16 AM
Subject: Drug costs
Since they're changing our insurance coverages at my work, maybe yours
too sometime, this may be of interest to some who will have to pay for
drug prescriptions.
> >? This is true: verified at:
> >?http://www.snopes.com/medical/drugs/generic.asp ?You can also go to
this
> >website and get a comparison chart for different drugs at different
> >places...;0) ?
> >?
> >WalMart announced it is starting a new policy where all generic drugs
will
> >be sold for $4.00 per prescription in many states.
> >?
> >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: 1 0 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 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 in gredients: $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: /B 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. 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 10 0 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. (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.
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