Generic Drug Scam 08.02.03

Jaqui White, normally imperturbable, exclaims "This is absolutely shocking and, in my opinion, cries to Heaven for justice!"

Her wrath is aroused by Umaam@aol.com "Generic Drug Scam":
"Alan Greenspan testified on Capitol Hill bemoaning what he called "infectious greed" that has gripped much of America's business community. You knew about it at Enron, you've heard of Worldcom, Kmart and the others but even down at your local pharmacy on the corner, when it comes to pricing? Greg Pabb may not be the last honest man in the drugstore business but I didn't find many like him in my investigation of pharmacies throughout Metro Detroita local businessman with the courage to confess what he admits is nothing less than price gouging, rampant at all kinds of drugstores all across Metro Detroit and beyond.

Now we're not talking about the skyrocketing cost of brand name drugs which year after year make the American pharmaceutical industry richer, nor the fact that Americans can cross the border into Canada and buy the same U.S. made drugs for a fraction of the cost. No, we're talking about the drugs we're promised will save us lots of money. How to avoid paying too much for prescriptions?

Pharmacists all agree generic versions of name-brand drugs give you the same medicinal benefit at a tiny fraction of the cost of their brand-name equivalents. But the truth is if you're like these folks and paying for your own prescriptions because Medicare doesn't cover it, or you don't have a job that gives you health insurance, or even if you do but your insurance doesn't cover drugs, you may be saving some, but what your friendly pharmacist doesn't tell you? He's putting the lion's share of the savings right into his own pocket and hoping you never find out. It's a fact the industry vehemently denies".

Then follows a long account of the excessive profitys made on generic drugs, ending: "Martin Peltz manages the pharmacy at Costco and on each and every one of the drugs we checked, it was the pharmacy at Costco that was not only cheaper but dramatically far and away cheaper than everyone across the Metro area. While that other pharmacy is charging $92 for generic Prozac, Costco is selling it for $9. When the chain stores sell generic Pepcid for close to $100? Costco is dispensing it for only about $12".

For more information and to see the real-time cost chart;
http://www.detnow.com/news/020925-drugchart.html