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Pharmacies may
be contributing to the overwhelming costs of prescription
drugs, as a consumer investigation revealed that some pharmacies
are marking up drugs by as much as 2,000 percent.
For instance, Enalapril,
the generic equivalent of Vasotec, a widely prescribed high
blood pressure medication, costs pharmacies about $5 for a
month’s supply. Yet Eckerd drugs charges as much as $68
for the same prescription, and Walgreen's charges about $60.
Another example
is Famotidine, a generic equivalent of the well-known acid
reducing medication Pepcid. Famotidine costs your pharmacy
about $6, but sells for $97 at CVS and $98 at Rite Aid.
Also consider Fluoxetine,
the generic equivalent of the anti-depressant drug Prozac.
While your pharmacy pays about $4 for a month's supply, CVS
will charge you $79 and Rite Aid will charge you $82.
Investigators found
that reasonably priced prescription drugs could be found at
stores like Wal-Mart and Kmart and prices were particularly
low at Costco stores.
Costco Wholesale
Corporation charges $12.97 for Enalapril, $12.24 for Famotidine,
and $9.63 for Fluoxetine. Company officials say they still
make a profit even with their low prices.
Although Costco
usually requires a membership to shop in their stores, the
pharmacy can be used with no membership, either in person
or online).
They can also be reached at (800) 774-2678.
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