Bravo Costco & Steve Wilson, Detroit Ch7. Also in Canada!

by retired2 Sat Jun 21, 2014 3:25 pm

Bravo Costco & Steve Wilson, Detroit Ch7. Also in Canada!

The link to snopes is also a good read

Subject: RE.: Bravo Costco & Steve Wilson, Detroit Ch7. Also in Canada!
Just an added note in favor of Costco. Baby aspirin sell under the Bayer name cost
$22.95 per 365 pills. Right next to the display for this item is Kirkland (costco name brand)
and they are for sale at $4.95 for 300 pills. They look the same as Bayers which make me
think that Costco's pills are made by Bayers. Now this is a rip off

Is this even possible?

Verified -snopes.com: Generic Drugs

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: 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 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)

This is true in Canada too. 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.