|
Subject: Cost of Medicines
The ladies that signed below are Budget Analysts out of the Washington D.C.
office.
Did you ever wonder how much it costs a drug company for the active
Ingredients 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%
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
Perecent 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 I 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 Walgreens 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 pasting it into your own email, and send it to everyone you know
with an email address.
|