On July 22nd, 2002 Steve Wilson, an investigative reporter for
channel 7 News in Detroit, did a story on generic drug price
gouging by pharmacies. He found in his investigation, that some
of these generic drugs were marked up as much as 3,000% or
more. Yes, that's not a typo..... three thousand percent! Mr.
Wilson did a thorough research, and checked out all the major
drugstore chains, discount chains, independent pharmacies,
and even checked on some Canadian pharmacies.

His findings, and report, made me see red to say the least. So
often, we blame the drug companies for the high cost of drugs,
and usually rightfully so. But in this case, the fault clearly lies with the pharmacies themselves. For example, if you had to buy a prescription drug, and
bought the name brand, you might pay
$100 for 100 pills. The pharmacist might tell you that if you get
the generic equivalent, they would only cost $80, making you
think you are "saving" $20. What the pharmacist is not telling
you is that those 100 generic pills may have only cost him $10!.

The following link is to the story itself, so that you know that this is not a hoax of any kind.

www.detnow.com/news/0207221204.html

Detroit Now/ WXYZ-TV : prescription drug costs

The next link is to read about the reporter, Mark Wilson.


www.detnow.com/about7/anchors_reporters/wilson/html

Within the story, Mr. Wilson provided a comparison chart, using several drugs, and several pharmacies. The link to that chart follows.
www.detnow.com/news/0207221204-table.html

http://www.detnow.com/news/0207221204-table.html

At the end of the report, one of the anchors asked Mr. Wilson
whether or not there were any pharmacies that did not adhere
to this practice, and he said that Costco consistently charged
little over their cost for the generic drugs. They gave the link to
Costco, which I will include here, so that you can go and check
prices for yourself.

www.costco.com

Costco Online pharmacy