Subject: COSTCO
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 State s
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
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 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 at doc.gov
===
"Work like you don't need the money, Love like you've never been hurt, Dance like nobody's watching..."
-- Richard Leigh
Mark & Steven Bornfeld - 08 Apr 2006 15:42 GMT
(snip)
Although IMO much of this analysis (esp. the spectacular "markup"
stated for prescription meds in relation to the cost of the raw
ingredient--as if this were the only expense involved in development,
approval, production, packaging, distribution, advertising and retailing
of a medication) is sensationalized and doesn't do justice to a very
complex issue, I can say that I have just checked the Costco website for
the costs of some generic medications, and their retail price is indeed
less than half of what I'm paying at my local pharmacy.
You may wish to check prices of your generics on this page:
ttp://tinyurl.com/6vtuw
Steve

Signature
Mark & Steven Bornfeld DDS
http://www.dentaltwins.com
Brooklyn, NY
718-258-5001
Jeff - 08 Apr 2006 17:22 GMT
The cost of drugs includes making the drugs into pill form, testing the
drugs to ensure that they are safe and pure, packaging and shipping the
drugs, inventory and other costs.
Furthermore, the cost of developing the drugs is very high.
If you don't think the drugs are not valuable, don't buy them.
Jeff
Jim Chinnis - 08 Apr 2006 21:36 GMT
"Jeff" <kidsdoc2000@hotmail.com> wrote in part:
>The cost of drugs includes making the drugs into pill form, testing the
>drugs to ensure that they are safe and pure, packaging and shipping the
[quoted text clipped - 5 lines]
>
>Jeff
One should also think about the markup in other products. You can go to
Dearborn, Michigan and actually watch Ford take coal, iron ore, sand, etc.
from barges and roll cars out the other end of their factory. I suspect the
raw materials in a Lincoln don't run over $100.
--
Jim Chinnis Warrenton, Virginia, USA