Drug Costs Great at Costco?

This was sent to me via email. Now, I must admit that the site is accessible because it has reached it’s bandwidth. But the only, I mean the only reason I am sharing it is because I really like Costco’s and if they have the best prices for prescription drugs that us babyboomers can use I say “Right On!”

Web Site source: www.interfaithflorida.org
  

 
Most people think it must cost a lot to produce perscription medication, 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 act ive 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 ingre dients $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,it pays to shop around! 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. 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.  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.

The author of the email also made the following comment:

“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.”

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A Blogger for Boomer Consumer

Rita is a blogger who I mentioned in the last post. Please note the additional information below.

Rita writes a boomer consumer blog called The Survive and Thrive Boomer Guide at http://boomersurvive-thriveguide.typepad.com.

She also writes a reader blog for the Seattle Post Intelligencer at http://blog.seattlepi.nwsource.com/boomerconsumer/.

What does a dinner made entirely from locally grown food look like? She shows you at:

http://blog.seattlepi.nwsource.com/boomerconsumer/archives/140802.asp

Boomer Consumer in Seattle-You Can Blog for Them

The Bloomer Consumer Blog is part of Seattlepi.com. Yes, they have an entire section dedicated to Boomer imput. There is also a lot of concentrated bite-sized information on this site. They section devoted to The Boomer Consumer States:

The Boomer Consumer is dedicated to helping boomers get what they want in life through using consumer information, making effective choices, and sharing their own experiences

Thanks to one of the wonderful folks who left a comment on this site I found out about it. Thanks Rita! She is a writer for one of the blog. Which you can do also if you wish. This is just right for us boomers! Get started today!

Also  you can visit the entire blog page

This is the information on how you can write for this really cutting edge blog.

Write for seattlepi.com

Do you know the burning issues of your neighborhood? Do you feel a burning desire to write about them? If so, join our reader bloggers in bringing the news and events of your favorite place to live to others in your neighborhood. We have openings for bloggers on Queen Anne, Beacon Hill, Belltown, Bothell, Redmond, Bellevue and a host of others.

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Do You Know About Every Day Giving Blog?

Every Day Giving Blog is written by a Boomer for the world! Yes, it matches it’s name because it is about the multiple ways that folks around the world are giving their money , gifts, talents and self to others.

I found out about them on Tee Bee Dee, which as you know, is an powerful online social networking group for baby boomers. The owner of the blog is in a group I started called, Blogging for Boomers.

Please visit them HERE.