Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

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

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) Donate to DU
 
Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-21-06 11:17 PM
Original message
Check Costco for generic scrip drug prices -- Walmart to test Fla mkt ONLY
Edited on Fri Sep-22-06 12:11 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...
Printer Friendly | Permalink |  | Top
Rainscents Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-21-06 11:21 PM
Response to Original message
1. I only use Costco for all my prescription!
They are also BLUE!
Printer Friendly | Permalink |  | Top
 
Rosemary2205 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 12:03 AM
Response to Original message
2. kick
Printer Friendly | Permalink |  | Top
 
Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 09:45 AM
Response to Original message
3. kick
Printer Friendly | Permalink |  | Top
 
warrens Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 09:49 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.
Printer Friendly | Permalink |  | Top
 
central scrutinizer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 10:13 AM
Response to Original message
5. Costco pays a living wage to their workers unlike Sprawlmart
Printer Friendly | Permalink |  | Top
 
mopinko Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 10:14 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.
Printer Friendly | Permalink |  | Top
 
dpbrown Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 11:40 AM
Response to Original message
7. Costco is the big-box store of the revolution!

Go Costco!

Printer Friendly | Permalink |  | Top
 
Az_lefty Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 12:36 PM
Response to Original message
8. I love Costco, their the best...
Printer Friendly | Permalink |  | Top
 
Liberal Gramma Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 02:10 PM
Response to Original message
9. And...they are big contributors to the Dems
unlike Walmart who contributes to the Repugs
Printer Friendly | Permalink |  | Top
 
Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 04:45 PM
Response to Original message
10. kick
Printer Friendly | Permalink |  | Top
 
Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-22-06 09:51 PM
Response to Original message
11. kick
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Apr 19th 2024, 11:55 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC