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

1 Comments:

At 4:30 AM, Blogger dark_one said...

My name is Todd Thomas and i would like to show you my personal experience with Zocor.

I am 55 years old. Have been on Zocor for 4 years now. Zocor did lower my cholesterol. I also have RA and did not know which caused pain stopped Zocor, pain improved dramatically, but weakness remains. Dr says permanent damage. Now I my cholesterol is high.

I have experienced some of these side effects -
Leg pain and weakness

I hope this information will be useful to others,
Todd Thomas

Zocor Side Effects

 

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