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Avoid These Pharmacies That Mark Up Generic Drugs A Ridiculous Amount.

Over on the Freakonomics Blog, there is a great post about different popular pharmacies that mark up generic drugs a STUPID amount. The worst offender? Walgreens, which charges $117 for 90 generic Prozac pills that Costco charges $12 for. Unbelievable! The entire breakdown from the article is as follows:

Walgreens: $117

Eckerd: $115

CVS: $115

Sam’s Club: $15

Costco: $12

Yet another reason to use Costco for prescriptions you have to take on a regular basis. The amazing thing is that they get away with it, and most people use regular old drug stores for their pills..read the rest at the Freakonomics Blog.


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Comments (3)

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  1. Kellie says:

    It should be pointed out that this only matters to people who do not have insurance and pay the cash price. Then they would want to shop around and see who offers a better deal. However, if you have insurance no matter what the pharmacy charges – the insurance company knows the usual and customary charge for that medication and that is what they will base the co-insurance on. So if you pay a percentage copay (technically called a co-insurance) and your pharmacy charges $50 for your prescription but the U&C is $30, the insurance will figure your copay based on the U&C. It doesn’t matter what the pharmacy charges or what the U&C is if you pay a flat copay (like $10 for generics and $20 for brand).

    This is the same for hospital charges. Every noticed your itemized statement of charges totals are different than what your insurance actually paid? It’s because of the U&C.

  2. david says:

    Good point Kellie! Our prescription copay is $10 no matter where we buy…but for those without insurance, please shop around!

  3. […] It’s worse than I thought. After writing about my discoveries shopping around for drug prices, I was quite interested to read a Freakonomics blog post “If Crack Dealers Took Lessons From Walgreens They Would Really Be Rich,” inspired by a Wall Street Journal story “Why Generic Doesn’t Always Mean Cheap” (Found through My Two Dollars – “Avoid These Pharmacies That Mark Up Drugs a Ridiculous Amount.”) […]

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