by PharmacyChecker.com | Dec 2, 2011 | Drug Prices, Generic drugs
Generic Lipitor, called atorvastatin, is now available in U.S. pharmacies but PharmacyChecker.com price data shows that it’s actually far more expensive than brand name Lipitor sold abroad. The bottom line with Lipitor and atorvastatin is that for the insured with pharmacy benefits, co-payments for Lipitor, whether brand or generic, will now be very low. But if you must pay for your prescription drugs out of pocket, you can save approximately 70% buying the brand name drug from international online pharmacies instead of the generic drug domestically. It can mean the difference of annual payments of $1300 for the generic product vs. $400 for the brand name.
Source data: PharmacyChecker.com Lipitor Price Comparisons
For more see our press release from yesterday: Generic Lipitor Still More Expensive Than Brand Name Lipitor in Other Countries.
Tagged with: brand, comparisons, drug coverage, generic drugs, Lipitor, Pfiizer, pharmacychecker.com, press release, price data, U.S. pharmacy
by PharmacyChecker.com | Nov 15, 2011 | Drug Prices, Generic drugs
Our last post highlighted the end-of-the-month release of the long-awaited generic version of Lipitor, the most popular cholesterol-lowering drug in America. Brand-name Lipitor, manufactured by drug giant Pfizer, has been one of the key contributors to American’s high drug bills for the past 15 years. A generic version will mean massive savings for some and basic affordability for many.
Last week, however, the New York Times shared that Pfizer (unsurprisingly) wants to block access to that affordable generic. Pfizer is going to offer “large discounts for benefit managers that block the use of generic versions of Lipitor” – “When patients submit a prescription for a generic version of Lipitor, they are to be given Lipitor instead.” So, those covered by the benefit managers who accept the discount will end up paying the same high co-pay, despite the availability of a lower priced drug!
These tactics by the largest drug manufacturer to keep drug prices higher are disappointing but not surprising. After all, in addition to lobbying the U.S. government to prevent safe personal drug importation, it funds programs to scare Americans away from buying its own medication at a lower price from Canada and other countries.
Pfizer’s latest move seems to only affect Americans with health insurance who, under the Pfizer/benefit manager deal, would pay $25 monthly co-pays (instead of $10 per month) – that’s $75 for a three month supply. That’s a stark contrast to Americans without health insurance who can pay $535.00 at a local CVS in New York City. By comparing prices of verified online pharmacies at PharmacyChecker.com, the uninsured may at least knock their monthly brand name Lipitor costs to $85.70.
Fortunately, due to the economics of generic drug competition, generic Lipitor prices will eventually offer great savings to the uninsured and we’ll be keeping you updated as those new products come to market.
Tagged with: brand-name, Cholesterol, co-pays, CVS, generic drugs, health insurance, insured, Lipitor, New York City, New York Times, PBM, Pfizer, pharmacy benefit managers, pharmacychecker.com, uninsured, United States
by PharmacyChecker.com | Oct 31, 2011 | Drug Prices
While millions of Americans cannot afford brand name drugs in the United States, clearly this is not the case for generics – and the prices here keep getting lower! Marc’s, an Ohio-based retail pharmacy, has dropped prices for their generic drugs to a record breaking low – now charging just $1.98 for 30-day supplies of some of their generic drugs. Twenty-seven different generics are offered at this price.
Marc’s low-cost pricing comes as a response to their retail competition doing the same. In order to compete with chain store rivals like Target, Wal-mart and Kmart, smaller, local pharmacies are offering some of the lowest prices. Another example, Discount Drug Mart, – also in Ohio – dropped many of their generics to $1.99 for a month’s supply; this led Marc’s to sneak in at a penny less.
If you’re buying online, Costco.com has very low generic drug prices as well. You can compare prices on www.pharmacychecker.com.
Tagged with: Costco, Drug Prices, generic drugs, generics, Kmart, local, low-cost, Marc's, Ohio, Online Pharmacies, Target, United States, Wal-Mart
