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Submitted by Nessa 11/19/03

Prescription Prices

It pays to shop around. This helps to solve the
mystery as to why they can afford to put a CVS and
Walgreens on every corner..................

I would like to mention up front, 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.
Since the cost of prescription drugs is so outrageous,
I thought everyone I knew should know about this.
Please read the following and pass it on.

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.

And I repeat, 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.

I am asking each of you to please help me by copying
this letter, and pasting it into your own email, and
send it to everyone you know with an E-mail address.

Have a great day!
Think Positive!


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