Saving $ $ on the requirements

posted on 01 Apr 2009 12:14 by moneysavingtips
money bank, saving money,tips

Saving $ $ on the requirements


Hi everyone, got this in an email. Believe it is useful to check Costco. Please send a response to let others know if it is valid!



Let's hear it for Costco! (This is just amazing!) Be sure to read the whole past of the list of medicines. The woman who signed below is a federal budget analyst in Washington, DC offices.

Have you ever wondered how much a pharmaceutical company of the active ingredient in prescription medications? Some people think it must cost a fortune, because many drugs are sold to more than $ 2.00 per tablet. We made a search of offshore chemical synthesizers that supply the active ingredients in drugs approved by the FDA. As we have shown in past issues of Life Extension, a significant percentage of drugs sold in the United States contain active ingredients 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 top-selling drugs 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: 8372%

Lipitor: 20 mg
Consumer price (100 tablets): $ 272.37
Cost of general active ingredients: $ 5.80
Percent markup: 4696%

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: 2898%

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: $ 0024
Percent markup: 569.958%

Zestril 20 mg
Consumer price (100 tablets) $ 89.89
Cost of general active ingredients $ 3.20
Percent markup: 2809

Zithromax: 600 mg
Consumer price (100 tablets): $ 1482.19
Cost of general active ingredients: $ 18.78
Percent markup: 7892%



Zocor: 40 mg
Consumer price (100 tablets): $ 350.27
Cost of general active ingredients: $ 8.63
Percent markup: 4059%

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 outrageous, I thought everyone should know about it. Please read the following and pass it on. It pays to shop around. This helps solve the mystery as to why they can afford to put a Walgreen's on every street 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 noted in his investigation that some of these generic drugs were marked up 3000% or more. Yes, this is not a typo ..... three miles per cent! Too often we blame the drug companies for the high cost of drugs, and usually rightly so. But in this case, the fault clearly
lies in the pharmacies themselves. For example, if you were to purchase a prescription drug, and bought the brand name, you must pay $ 100 for 100 tablets. The pharmacist can tell you that if you get the generic equivalent, they cost only $ 80, making you think you are "saving" $ 20. What the pharmacist will not tell you is that those 100 generic pills in May did cost $ 10!

At the end of the report, one of the anchors asked Mr. Wilson whether or not there were any pharmacies that have not adhered to this practice, and he said that Costco always charged little over their cost for generic drugs.





I went to the Costco site, where you can find any drugs, and get its online price. He asserts that the in-store prices are consistent with prices online. I was appalled. Just to give you an example from my own experience, I had to use the drug, Compazine, which helps prevent nausea in chemotherapy patients.



I used the generic equivalent, which cost $ 54.99 for 60 tablets at CVS. I checked the price of Costco, and I could
bought 100 tablets of $ 19.89. For 145 of my pain pills, I paid $ 72.57. I could have had 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 orders, as it is a federally regulated substance. You just tell the door you want to use the pharmacy, and they let you in. (true)