Walgreens marks up generics by 975%

On the Freakonomics blog, Stephen Dubner (co-author of the wonderful Freakonomics: A Rogue Economist Explores the Hidden Side of Everything) digs into the pricing on generic drugs and finds that the main-street pharmacies mark up their offerings by 975 percent!

Even once you factor in the cost of buying a membership at Costco and Sam’s Club, the price differences were astounding. Here are the prices he found at Houston stores for 90 tablets of generic Prozac:

Walgreens: $117

Eckerd: $115

CVS: $115

Sam’s Club: $15

Costco: $12

Those aren’t typos. Walgreens charges $117 for a bottle of the same pills for which Costco charges $12.

source

I see

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most insurance companies offer discounts or cheap co-pays for generics. so regardless of what walgreens/cvs charge for them, you can still get it cheap w/ your insurance company.

Shit.

quote:

Originally posted by tubularbills most insurance companies offer discounts or cheap co-pays for generics. so regardless of what walgreens/cvs charge for them, you can still get it cheap w/ your insurance company.

agreed but this also causes insurances to inflate.

quote:

Originally posted by tubularbills most insurance companies offer discounts or cheap co-pays for generics. so regardless of what walgreens/cvs charge for them, you can still get it cheap w/ your insurance company.

a good number of them don't do instant discounts, and force people to pay full retail & wait for a reimbursement, though.

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quote:

Originally posted by gehzumteufel agreed but this also causes insurances to inflate.

exactly, some company is still getting paid an inflated price.


im in the wrong business.

quote:

Originally posted by Boomer187 exactly, some company is still getting paid an inflated price. im in the wrong business.

lol ive been saying that for years.

quote:

Originally posted by Boomer187 exactly, some company is still getting paid an inflated price. im in the wrong business.

i thought porn paid good?

quote:

Originally posted by tubularbills i thought porn paid good?

inflated PRICE....not inflated PENIS!

..thats all I got :-/

quote:

Originally posted by Boomer187 inflated PRICE....not inflated PENIS! ..thats all I got :-/

LOL good times.

quote:

Originally posted by Boomer187 inflated PRICE....not inflated PENIS! ..thats all I got :-/

ROFL