Friday, March 16, 2007

Walgreens' prices for generic drugs could be 1000% higher than Costco !!

Generics medicines are supposed to be a cheaper alternative to name-brand drugs, but a recent Wall Street Journal found that there wasn't as much difference as you might think.

Here are the prices at Houston stores for 90 tablets of generic Prozac:

  • Walgreens: $117
  • Eckerd: $115
  • CVS: $115
  • Sam’s Club: $15
  • Costco: $12

Those aren’t typos. Walgreens charges $117 for a bottle of the same pills for which Costco charges $12.

It should be noted that chains like WalMart and Costco consider medicines as loss-leaders (a way to drive people to their stores) and the real money is made on those large-screen plasma televisions and that 10-pound box of pretzels.

Read more: Why Generic Doesn't Always Mean Cheap

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