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Generic Drugs Apparently More Profitable Than Meth, Crack, etc. -Almost ~1000% Markup
--Read More In: Aging | Disease | Sex, Drugs, Rock n Roll | Signal
->CVS!;... -In- -Da- -HOUSE-!!!!<
-Apparently Generic Prescription Drugs are a more lucrative market than the rockings of the crack. -And Walgreen's is one of the chief dealers (of marked-up generics; not crack, silly rabbit ;) ).
In one study by the Freakonomics Blog, Walgreen's was found to charge ~975% More for generic Prozac than Costco. In a similar article by the Wall Street Journal, other generics like Simvastatin (Zocor) were found at more than 10x the price at Sam's Club.
Other price differences were gigantic, but not all were ~10x more. A few healthcare insurance organizations state that despite drugstore claims that their brand-name profit margins are sometimes as low as 2-3%, the organizations are paying the drugstore chains more than cost.
Several in the comments of the Freakonomics post have referred to the potential for some loss-leader influence, ---But the differences are So stark, it's amazing. -Especially with many old people choosing between medication and food.
-Good God, even the Diamond Industry doesn't mark up prices this high. (Now if they'd only start selling that sweet, sweet crack at Sam's Club at $6.97 for 30 20mg rocks, I'd be allllll set! LEEGALEYZE EET! (jk) )
Follow the links for more complete information
Freakonomics - Generics WSJ - Generics
NYS Attorney General's Rx Getting Finances Done Destination Rx $4 Generics at Sam's Club
Posted by Will on 03/16/07 | Comments (0) | Email to a friend |
