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Thread: Drug Prices

  1. #1
    Jbb
    The Shocking Truth About Drug Prices
    Excerpted from the web site located at www.stopFDA.com operated by Life Extension Foundation
    WHAT DRUGS REALLY COST
    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.
    Retail Cost Increase Cost of of Above DRUG 100 TABS Ingredients Cost
    Celebrex 100 mg $130.27 $0.60 21,712%
    Claritin 10 mg $215.17 $0.71 30,306%
    Keflex 250 mg $157.39 $1.88 8,372%
    Lipitor 20 mg $272.37 $5.80 4,696%
    Norvasc 10 mg $188.29 $0.14 134,493%
    Paxil 20 mg $220.27 $7.60 2,898%
    Prevacid 30 mg $44.77 $1.01 34,136%
    Prilosec 20 mg $360.97 $0.52 69,417%
    Prozac 20 mg $247.47 $0.11 224,973%
    Tenormin 50 mg $104.47 $0.13 80,362%
    Vasotec 10 mg $102.37 $0.20 51,185%
    Xanax 1mg $136.79 $0.024 569,958%
    Zestril 20 mg $89.89 $3.20 2,809%
    Zithromax 600mg $1,482.19 $18.78 7,892%
    Zocor 40mg $350.27 $8.63 4,059%
    Zoloft 50mg $206.87 $1.75 11,821%
    *****
    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.
    It pays to shop around. This helps to solve the mystery as to why they can afford to put a Walgreens 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.

  2. #2
    GlastronGuy
    I wonder if those numbers would change if you factored in the overhead like:
    research
    advertising
    rent/building payments
    electricity
    water
    employees
    etc...
    For them to compare the cost of active ingredient to the cost of the pill is faulty logic.
    But I agree with the premise. Prescription drugs cost too much.

  3. #3
    Tom Brown
    Originally posted by JETBOAT BRIAN
    Prozac 20 mg $247.47 $0.11 224,973%
    This proves that what depressed people need is a good ****ing.

  4. #4
    rrrr
    Originally posted by Tom Brown
    This proves that what depressed people need is a good ****ing.
    Tom, you're a sick ****er, but a damn funny sick ****er.
    LMFAO!

  5. #5
    Essex502
    Originally posted by GlastronGuy
    I wonder if those numbers would change if you factored in the overhead like:
    research
    advertising
    rent/building payments
    electricity
    water
    employees
    etc...
    For them to compare the cost of active ingredient to the cost of the pill is faulty logic.
    But I agree with the premise. Prescription drugs cost too much.
    I completely concur...to look at the cost of an apple's ingredients...water, fertilizer and say that an apple on a grocer's shelf is overpriced! Doesn't take in cost of production labor, packaging, etc.
    Of course there's no conflict of interest with the LFE selling its own products is there?

  6. #6
    spectratoad
    Originally posted by Essex502
    I completely concur...to look at the cost of an apple's ingredients...water, fertilizer and say that an apple on a grocer's shelf is overpriced! Doesn't take in cost of production labor, packaging, etc.
    Of course there's no conflict of interest with the LFE selling its own products is there?
    I guess all of overhead stuff must be cheaper in other countries too because I was wondering why there are organized blue hair bus trips to go to Canada and get meds.
    If it was a buck or two cheaper that argument might hold water but I have purchased stuff in Mexico also for pennies capmared to the states. The pharmaceutical companies are screwing the Americans to the wall.

  7. #7
    ratso
    I noticed Viagra wasn't on the list???

  8. #8
    Essex502
    Originally posted by spectratoad
    I guess all of overhead stuff must be cheaper in other countries too because I was wondering why there are organized blue hair bus trips to go to Canada and get meds.
    If it was a buck or two cheaper that argument might hold water but I have purchased stuff in Mexico also for pennies capmared to the states. The pharmaceutical companies are screwing the Americans to the wall.
    Overhead and labor is cheaper in countries other that the U.S. Workers are paid virtually by the bowl of rice in Asian countries. Here, with unionized labor and high taxes plus exobitant insurance costs, the overheads are much, much higher.
    The reason I think that Canadian prices for prescriptions is lower is due to price controls and government medical subsidies. The drug lobby in the U.S. won't allow price controls.

  9. #9
    hboldno7
    oh, those kind of drugs

  10. #10
    sorry dog
    yeah I'm tired of my...uh...pharmacist screwing me on my Vicodan.
    and I don't see much research going there...

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