Subject:  Cosco story: How the drug companys rip us off , stats |
Author:
Msrow
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Date Posted: 19:35:47 07/04/05 Mon
Author Host/IP: dpc67143162147.direcpc.com/67.143.162.147
"AMAZING.........GOOD INFORMATION.
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 chart 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%
Norvasec 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 knew 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 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. (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
Room 6839
Office Ph: 202-482-4458
Office Fax: 202-482-5480
E-mail Address: sdavis@doc.gov
"
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