[GeoStL] Re: NCR-Prescription Prices-NCR

  • From: "Greg & Bobbi Crouch" <mocrouchs@xxxxxxx>
  • To: <geocaching@xxxxxxxxxxxxx>
  • Date: Sun, 28 Aug 2005 08:26:11 -0500

I could be wrong but it seems to me someone needs to check the math in these 
statements. The price vs. actual cost vs. percent mark-up doesn't add up in all 
of them. Looks like the author inflated the mark-ups.
  ----- Original Message ----- 
  From: Bernie 
  To: Geo 
  Sent: Sunday, August 28, 2005 5:13 AM
  Subject: [GeoStL] NCR-Prescription Prices-NCR


  - 
    I researched this on Truth or Fiction.com and it is true. Be sure to read 
about Cosco towards the end of the article. I might save you a few bucks.   
Bernie






  Prescription Prices

  The following is incredible. Make sure to keep reading to the bottom where it 
discusses Costco, Sam's Club, etc.

  The women who wrote this email and signed below are Federal Budget Analysts
  in Washington, DC

  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 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%

  Norvasec 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%

  Pri losec 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): $10237
  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 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, Sam's Club and other discount volume stores consistently charged 
little over their cost for the generic drugs. I went to the discount store's 
website, 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, 
Comparing, which helps prevent nausea in chemo patients. I used the generic 
equivalent, which cost $54.99 for 60 pills at CVS. I checked the pr ice 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 another discount store for $28.08. I 
would like to mention, that although these are 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.

  I am asking each of you to please help me by copying this letter, and passing 
it into your own email, and send it to everyone you know with an email address.

  Sharon L. Davis, Budget Analyst, US Department of
  Commerce Room 6839
  Office Ph: 202-482-4458; Office Fax: 202-482-5480
  Email Address: sdavis@docgov

  Mary Palmer, Budget Analyst, Bureau of Economic
  Analysis Office of Budget &Finance;

  Voice: (202) 606-9295

  Diane Foster
  Contracting Officer
  VA Detroit
  (313) 576-4281
  Diane.Foster@xxxxxxxxx v








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