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Author Topic: The Cost Of Living  (Read 1352 times)

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Offline alisenjafi

  • Member
  • Posts: 811
  • They say HIV comes from monkeys!
The Cost Of Living
« on: January 11, 2007, 10:12:38 AM »
I just recieved this via e mail, interesting, now this is coming from someone  who is not HIV infected.

It pays to shop at Costco!!
Subject: Fw: Costco,

 
   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 that
signed below is a Budget Analyst out of federal Washington , DC offices.

   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 data below speaks for itself.
             Celebrex: 100 mg
             Consumer price (100 tablets): $130.27
             Cost of general active ingred ients: $ 0.60
             Percent markup: 21,712%

             Claritin: 1 0 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%


              Norvasc: 10 mg
              Cost of general active ingredients: $0.14
              Per cent 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
            &n bsp; 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
          &n bsp;   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
              Percent markup: 569,958%


              Zestril: 20 mg
              Consumer price (100 tablets) $89.89
              Cost of general active ingredients $3.20
              & nbsp;      ; 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: /B 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 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 e-mail, and send it to everyone you know with an e-mail address.

             Sharon L. Davis
              Budget Analyst
             U.S . Department of Commerce
              Room 6839
              Office Ph: 202-482-4458
              Office Fax: 202-482-5480
           E-mail Address: sdavis@doc.gov
"You shut your mouth
how can you say
I go about things the wrong way
I am human and I need to be loved
just like everybody else does"
The Smiths

Offline ACinKC

  • Member
  • Posts: 2,994
  • Bring it VIRUS! #2 Ranked In-crowd Member!
Re: The Cost Of Living
« Reply #1 on: January 11, 2007, 10:36:02 AM »
WOW if this is true.

But in fairness (i cant believe i typed that) to the drug companies, you have to figure in the RESEARCH costs of the drugs, not just the active ingredients.  Not to mention overhead like production, salaries, rent on space that kind of thing.....

You MAY want to change the title of the thread to get more to look at this.

DISCOUNT MEDS would be a good start.
LIFE is not a race to the grave with the intention of arriving safely
in a pretty and well-preserved body, but, rather to skid in broadside,
thoroughly used up, totally worn out, and loudly proclaiming--WOW! WHAT A
RIDE!!!

Offline poet

  • Member
  • Posts: 934
  • Poet living and working in Central Maine
Re: The Cost Of Living
« Reply #2 on: January 11, 2007, 11:04:47 AM »
AC's point is the one to keep in mind: it's not the cost of the active ingredients, it's the costs of research and development (r &d), packaging, personnel, healthcare for employees, marketing, etc. in the same way that jewelry has a huge markup between wholesale and retail, let alone from production to wholesale, ditto fashion (so don't be believing those 50% off sales tags mean much in stores.  The same is true for the restaurant industry, the mark-up between costs of raw materials (food) and the items on the menu (per a WSJ article).  Win
Winthrop Smith has published three collections of poetry: Ghetto: From The First Five; The Weigh-In: Collected Poems; Skin Check: New York Poems.  The last was published in December 2006.  He has a work-in-progress underway titled Starting Positions.

Offline dixieman

  • Member
  • Posts: 889
Re: The Cost Of Living
« Reply #3 on: January 11, 2007, 11:16:02 AM »
This is very interesting... also when mentioning research cost... most of the funding for various medications is paid for by the USA government through your tax dollars...

Offline Tucsonwoody

  • Member
  • Posts: 396
Re: The Cost Of Living
« Reply #4 on: January 11, 2007, 12:19:03 PM »
And don't forget the $4.00 generics available now at Walmart, Sam's Club and Target

http://www.walmart.com/catalog/catalog.gsp?cat=546834

Also, on an unrelated topic (unless you need a drink after reading about the drug costs!) at least in some states and maybe in all of them, you can buy alcohol at Costco and Sam's without a membership as well.
And I wished for guidance, and I wished for peace
I could see the lightning; somewhere in the east
And I wished for affection, and I wished for calm
As I lay there - Nervous in the light of dawn

Offline alisenjafi

  • Member
  • Posts: 811
  • They say HIV comes from monkeys!
Re: The Cost Of Living
« Reply #5 on: January 11, 2007, 05:56:19 PM »
As stated I received this in my e mail as a chain letter. This has been a debate at this site since I can remember and yes the ole r & d always comes to the defense. A PBS show called Inside Trenton , about political life in Nw Jersey was on. The host Steve Adubato Jr ( the sexiest guy on tv) mentioned that drug companies haven't made money off the new drugs but drugs that were made in the 80's.
Anyway my point wasn't to get back into this debate as many of us been down this road a few times here- if the newbies  want to bring it up fine.
My point is that even people not afflicted with HIV are questioning the price of meds.

AC your point of drug companies using the mark up is answered in the statement:
Quote
On Monday night, Steve
Wilson, an investigative reporter for Channel 7 News in Detroit , did a story
on generic drug price gouging by pharmacies.
As for the title since most  Americans pay something for their prescriptions I thought the title apt.
I gave up being worried who reads my posts along time ago- their loss  ;)
but thanks for the suggestion.
« Last Edit: January 11, 2007, 06:25:24 PM by alisenjafi »
"You shut your mouth
how can you say
I go about things the wrong way
I am human and I need to be loved
just like everybody else does"
The Smiths

 


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