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Generic Doesn’t Guarantee Best Price


May 2013 – Consumer Reports called pharmacies throughout the United States to get pricing for a month’s supply of several generic drugs. What they found might surprise you.


In response to a Consumer Reports national telephone poll which showed that Americans pay, on average, $758 annually for prescription drugs, the magazine had its secret shoppers call more than 200 pharmacies nationwide looking for pricing on several popular generic drugs. Their advice for Americans looking to reduce out-of-pocket drug costs: “shop around.”


The Consumer Reports study revealed that generic drug pricing can vary dramatically depending on where you shop. Indeed, a monthly supply of five of the most popular generics cost $916 dollars at CVS and only $167 at Costco. That’s a difference of $749, or 447%, between the highest and lowest priced stores.


The magazine reports that, “Costco was the least expensive overall, and you don’t need to be a member to use its pharmacy. A few independent pharmacies came in even cheaper, though their prices varied widely, as did grocery-store pharmacies. The online retailers healthwarehouse.com and familymeds.com also had very low prices. On the other end of the spectrum, CVS, Rite Aid, and Target had the highest retail prices.”


“It’s enough to make your head spin,” said Scripta founder Dr. Paul S. Bradley. “And let’s not forget that pricing varies not only store-by-store, but drug-by-drug depending where you shop.” The Consumer Reports article offered sound advice, suggesting that shoppers might consider paying retail, as pricing for some drugs is actually cheaper than many insurance co-pays.

Read the full article here:

“Same generic drug, many prices”, Consumer Reports, May 2013

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Scripta™ is neither a pharmacy nor a doctor. The benefit service does not tell you what drug to take and does not participate in the drug selection process. Only your physician can determine the medications that are right for you. These alternative medications are options for less costly drugs that physicians may prescribe in place of the medications you are taking now. Scripta has reviewed your current medications only for the purpose of identifying potential cost savings for you to consider with your physician. Scripta has not analyzed the effectiveness or other therapeutic aspects of these medication alternatives. Accordingly, this report and any other forms of communication received from Scripta are not, nor should they be interpreted as, any form of treatment, drug regimen review, or provision of counseling or consultation by a prescriber, pharmacist or pharmacy. Do not stop taking your medication, change your medication, or start taking a new medication without being directed to do so by your physician and filling the prescription under the oversight of a licensed pharmacist. The alternatives set forth above may not be equivalent to your current medication, may interact adversely with your other medications, may not be indicated in light of your other conditions, may cause different or severe side effects, or may be less effective at treating your condition. Medication prices are approximate based on information provided by your pharmacy benefits manager, insurance plans, and/or employer, and may vary from pharmacy to pharmacy. Check with your insurance plan to obtain a full list of pharmacies where your prescriptions can be filled. All information herein is HIPAA protected, treated as highly confidential, and never shared with your employer.

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