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Check Costco for generic scrip drug prices -- Walmart to test Fla mkt ONLY

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Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 12:17 AM
Original message
Check Costco for generic scrip drug prices -- Walmart to test Fla mkt ONLY
Edited on Fri Sep-22-06 01:11 AM by Bozita
You need not be a Costco member to have access to the store's pharmacy.

A lot of seniors are now caught in the "donut hole." This info could make a difference.

http://www.snopes.com/medical/drugs/generic.asp

Generic Drugs

Claim: The price of generic drugs can vary widely from one pharmacy to the next.
Status: True.
Example:

On Monday night (July 22), 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!

Mr. Wilson did a thorough research, and checked out all the major drugstore chains, discount chains, independent pharmacies, and even checked on some Canadian pharmacies. 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. They gave the link to Costco, which I will include here, so that you can go and check prices for yourself. www.costco.com Costco Online pharmacy

I went to the Costco site, where you can look up any drug, and get it's 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.

more...
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Rainscents Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 12:21 AM
Response to Original message
1. I only use Costco for all my prescription!
They are also BLUE!
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Rosemary2205 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 01:03 AM
Response to Original message
2. kick
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Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 10:45 AM
Response to Original message
3. kick
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warrens Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 10:49 AM
Response to Original message
4. Costco's business plan is to mark up ALL products about 7 percent
That covers labor, rent, utilities and other costs of doing business. If you look at their balance sheet, their net profit is almost exactly equal to the income from membership fees. In other words, they don't cherry-pick items to mark up exorbitantly. One good example: Razor blade cartridges. Those things are marked up through the roof virtually everywhere, almost to the point of price-fixing. Costco sells them for a whole lot less because you are in essence getting everything at cost plus expenses.
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central scrutinizer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 11:13 AM
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5. Costco pays a living wage to their workers unlike Sprawlmart
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mopinko Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 11:14 AM
Response to Original message
6. costco is the best
if they don't sell it at costco, you don't need it.
walgreens is the worst.
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dpbrown Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 12:40 PM
Response to Original message
7. Costco is the big-box store of the revolution!

Go Costco!

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Az_lefty Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 01:36 PM
Response to Original message
8. I love Costco, their the best...
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Liberal Gramma Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 03:10 PM
Response to Original message
9. And...they are big contributors to the Dems
unlike Walmart who contributes to the Repugs
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Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 05:45 PM
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10. kick
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Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 10:51 PM
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11. kick
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