Tuesday, August 03, 2004

Incredible drug markups

Title: McKinney pharmacy sells drugs at no profit
Source: HoustonChronicle.com
Date: July 31, 2004

We've seen other examples of the effects of the concentration of wealth in the prescription drug marketplace and the health marketplace in general. For example:Today's article touches on the last part of the drug distribution chain -- the drug store. From the article:
    One of Texas' oldest drugstores [Smith Drug] is selling prescriptions at no profit to uninsured and underinsured customers, a move some industry experts called unprecedented.
An example given in the article is incredible:
    Carla Chandler's insurance covers three of her five medications. For one of the others, she called every nearby pharmacy and said she was quoted about $240 at one store. Smith Drug charged her $16.68.
If wholesale prices were visible, this kind of incredible price gouging would be impossible, and everyone would be better off.


At 7:34 PM, Blogger Mike said...

Thought you would like this. business opportunities


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