Tuesday, April 2, 2013
Don't Buy Your Medications at Big Chain Drugstores and Save Yourself a Lot of Money
Big chain drugstores like CVS and Rite Aid make most of their profits on prescriptions. On the other hand, wholesalers like Costco and Sam's Club use the pharmacy as a way to get people into the store. Note that you don't have to be a Costco member to use a Costco pharmacy. Independent pharmacies are in between.
A few years ago, the price on pills at Rite Aid and Long's was 500-600% above MSRP (manufacturer's suggested retail price), whereas it was cost + 2-3% at WalMart. At this point, the price difference can amount to about $780 a year for the average patient.
h/t AlterNet, Consumer Reports
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