To treat gouty arthritis, patients have been taking a drug called Colchicine for over 200 years. Apparently, it’s a very helpful drug, but it’s neither new or innovative, to say the least. It’s no longer under patent protection and is available as a generic medication. It’s supposed to be super cheap, right?
So why is the estimated cash price for Colchicine .6mg at Walgreens about $590 for 100 pills?! Even with a Colchicine discount coupon it’s $239.37 – about $2.40 per pill. Compare that with the lowest cost Colchicine sold at a PharmacyChecker-verified international online pharmacy, 41 cents per pill or $41 for 100 pills – about 90% less than the Walgreens retail price! And just to be clear that’s a Canadian pharmacy price.
You can compare Colchicine prices at local U.S. pharmacies and international online pharmacies on PharmacyChecekr.com.com.
Yes, this is an example of drug companies AND U.S. pharmacies having free reign to charge whatever they want. For brand drugs on patent that often leads to exceedingly high prices because the pharmaceutical company has a monopoly: there’s no competition. But for generic drugs there is supposed to be competition to bring down the price. What went wrong with Colchicine? (more…)
Tagged with: colchicine
I’ve been around the consumer health world for long enough to have a good idea of which groups and individuals really want to find and spread the truth to Americans. Joe and Terry Graedon of the People’s Pharmacy are high on the list. So I was honored to read what they wrote about us (as people, the CEO and me, and as a company) in the latest edition of The Graedon’s Guide to Saving Money On Medicines:
“We have met the founders (Tod Cooperman, MD and Gabriel Levitt, MA). They have impressed us with their commitment to helping U.S. citizens obtain affordable and reliable medications. Even more helpful than the list of pharmacies are the PharmacyChecker.com price comparisons.”
Tagged with: consumerlab, joe graedon, People's Pharmacy
Brand Name Crestor: Made in Puerto Rico under FDA’s regulations.
Rosuvastatin is now available in U.S. pharmacies as a generic but you can get Crestor 10mg, the brand version, 94% cheaper online. To put some flesh and bones, dollars and sense (pun intended) to this percentile: Ninety pills of generic rosuvastatin cost a whopping $795 at a Walgreens in Brooklyn, NY, but 90 pills of brand name Crestor is $45.65 at a low-cost international online pharmacy, one that is verified by PharmacyChecker.com.
What about using a prescription discount card to buy generic Crestor? Drug price comparison company GoodRx offers a coupon to be used at Rite Aid Pharmacy for a price of $329.52 – still more than seven times the price to get Crestor from an online pharmacy.
Care to know where these drugs are made? It may surprise you. (more…)
Tagged with: Crestor, rosuvastatin
According to a new AARP drug price report, in 2006 the average cost of prescription medication increased by 3.6%, just a little higher than the rate of inflation in the U.S. which was 3.2% that year. In 2013, in stark contrast, drug costs were up 9.4% above 2012 with a corresponding rate of inflation of 1.5%. In fact, the average annual cost of popular medications for chronic conditions used by seniors went from $4,140 in 2005 to $11,341 in 2013.
Many of these brand drugs are covered by private and public pharmacy benefit plans, including Part D – but too often they are not, which leaves Americans having to foot the bill out of pocket. Even covered brand name drugs often mean very high co-payments or co-insurance. If you’re paying out of pocket and can’t afford your brand name drug, international online pharmacies have much lower prices – an average of 84% less on a basket of popular medications.
In the past, AARP has been criticized, not surprisingly by the pharmaceutical industry, for just looking at brand name drug prices in its drug price reports and not generics, which help moderate increases. But this latest report measured 622 drugs, a large basket that included brand, specialty and generic drugs. Brand and specialty drug prices were up an average of 12.9% and 10.6%, respectively, compared to a decrease in average generic drug prices of 4%.
AARP’s report concludes that it’s possible, “we can no longer rely on lower priced generics to counterbalance the price trends seen in the brand name and specialty prescription drug markets.” And things appear to be getting worse.
After reading the report, which looked at prices up to 2013, I was curious to find out how much brand name prices increased last year. In 2015, brand name drugs still under patent were up almost 15%, and generics, which tend to get cheaper, had even increased by almost 3% on average [Source]. These drug price increases corresponded with an inflation rate increase of .1%!
With about 30 million Americans still uninsured, many more millions of underinsured with inadequate pharmacy benefits, and drug prices continuing their ascent, tens of millions of Americans will continue to forgo prescribed medication entirely. Fewer will have to make this choice by comparing drug prices among safe international online pharmacies and local pharmacies using prescription discount cards at www.pharmacychecker.com.
Tagged with: AARP Drug Price Report
I like showing Americans who are searching online for affordable medication, often from foreign pharmacies, that their mom and pop pharmacy on Main Street U.S.A. can actually offer a better deal. It’s actually pretty common. The generic version of Valium, diazepam, which treats anxiety, is a perfect example. Bottom line: no need to buy online or from Canada to save money.
Tagged with: diazepam, Drug Prices, local pharmacies, Online Pharmacies, Valium
I’m talking about super-sized supermarket Publix, which operates over 1000 stores throughout the Southeastern U.S. Sure, it’s not the only superstore to offer this but I happened to come across its Free Medication Program while researching drug prices today: and I want to talk about it.
There’s a lot of yelling and screaming and downright hostility toward the pharmaceutical industry (much of it warranted), including against generic drug companies, who are under scrutiny because some old generics have increased in price by thousands of percent. So here’s a little relief…free medication.
The list is not long but the following drugs are free at Publix pharmacies: Amlodipine, Lisinopril, and Metformin. Bring your script and walk out with a 90 day supply free. If you’re prescribed a 14-day antibiotic treatment of Amoxicillin, Ampicillin, Sulfamethoxazole/Trimethoprim, Ciprofloxacin (but not its XR version) and Penicillin VK – free at Public Pharmacies.
Now most of us don’t live near a Publix. Very low cost and free drug programs at U.S. retailers and chain pharmacies were launched almost a decade ago when Walmart announced its $4 prescription drug programs. The programs are still around and a report is long overdue about them. I promise to bring you a broader list of these free medication programs in the New Year.
Why would a pharmacy offer medications for free? If you’re looking for a full explanation, here’s some good journalism in Toledo’s The Blaze from 2006. It has something to do with the medication being a “loss leader” for the company. Then again, who cares – the meds are free.
Tagged with: affordable prescriptions, Amlopidine, Amoxicillin, Ampicillin, Ciprofloxacin, Drug Prices, Lisinopril, local pharmacies, Metformin, Penicillin VK, Publix, retail pharmacies, Sulfamethoxazole/Trimethoprim, United States