Posts Tagged ‘Percent Markup’
Every so often I will mention the profit margins that some of the drug pushing companies get.. It goes past that. There are generic alternatives available but when you go to purchase them the pharmacy will have them marked up to the point that you think you are getting a good deal even though it is still outrageously priced. There is one place apparently where you can get them at good prices.. Costco.. So now the story.
Let’s hear it for Costco! (This is just mind-boggling!)
Make sure you read all the way past the list of the drugs. The woman that signed below is a Budget
Analyst out of federal Washington , DC offices.
Did you ever wonder how much it costs a drug company for the active ingredient in prescription medications? Some people think it must cost a lot, since many drugs sell for more than $2.00 per tablet. We did a search of offshore chemical synthesizers that supply the active ingredients found in drugs approved by the FDA. As we have revealed in past issues of Life Extension a significant percentage of drugs sold in the United States contain active ingredients made in other countries. In our independent investigation of how much profit drug companies really make, we obtained the actual price of active ingredients used in some of the most popular drugs sold in America .
Consumer price (100 tablets): $130.27
Cost of general active ingredients: $0.60
Percent markup: 21,712%