The Original American Malcontent

Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.

Tuesday, August 23, 2005

Drug Company Profit Margins

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 who
wrote this and signed below, Sharon Davis, is a Budget Analyst out
of Federal Offices in Washington, D.C.

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 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): $244.77Cost 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
Pe rcent 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 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 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 email, and send it to everyone you know

Tuesday, August 02, 2005

The Bolton Embarrassment
By John Nichols, The Nation. Posted August 2, 2005.

Our newly appointed ambassador to the U.N. has already tarnished a long history of notable, thoughtful and respected public servants.

It's not Weak to Ask 'Why?'
By Sean Gonsalves, AlterNet. Posted July 27, 2005.

What right-wingers call 'blame America first' is really just common sense.

Trouble in the Land of the Free
by John Atcheson in Common Dreams

Mr. Bush can not only use taxpayer's money to set up Soviet-Style propaganda events, but he can have US citizens kicked out of these public meetings by strong-armed stooges impersonating Secret Service Agents. That, at least, was the conclusion last week by the US Justice Department Attorney who said there was not enough evidence to prosecute an unnamed man who kicked three people out of one of Mr. Bush's "town hall" meetings in Denver this past March. The White House, by the way, refuses to release the mystery thug's name.

Monday, August 01, 2005

More Distractions

Well not much time for research today, still being distracted by my own debauchery, I’m a little overwhelmed checking out a few potential love interests and parties and ugh, it’s just killing my will and turning my mind to jelly.

So just off the top of my head – the Saudi patriarch died this weekend of an “illness” and Bush’s butt buddy Prince Abdullah was placed on the throne and surprise, surprise, gas prices went up.

Also in another powerplay by Bush, he took advantage of congress being in recess and decided to assign John Bolton to the U.N. bypassing the normal procedure which in all probablity would have disqualified Bolton for the spot.
Can I just say George is one sneaky asshole?

Oh yeah, and the Iraqis we’re “liberating” are putting together a constitution that will be based on the law of Islam, which will in effect enslave the previously free women of that country. Sounds liberating to me, yeah right. Well maybe once Bush stacks the Supreme court with hawks we can liberate American women too by installing Judeo/Christian law as the law of the land. Although I have to say the first motherfucker that throws a stone at me is getting it right back in their hateful grill.

Other than that, bad shit is happening everywhere, but I still found time to smile today.