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	<title>Business in the Burbs &#187; Drug costs</title>
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		<title>Study shows drug prices vary considerably</title>
		<link>http://burbsbiz.lohudblogs.com/2008/05/05/study-shows-drug-prices-vary-considerably/</link>
		<comments>http://burbsbiz.lohudblogs.com/2008/05/05/study-shows-drug-prices-vary-considerably/#comments</comments>
		<pubDate>Mon, 05 May 2008 23:00:42 +0000</pubDate>
		<dc:creator>David Schepp</dc:creator>
				<category><![CDATA[Drug costs]]></category>
		<category><![CDATA[Health insurance]]></category>
		<category><![CDATA[Health policy]]></category>
		<category><![CDATA[Part D]]></category>
		<category><![CDATA[Pharmaceutical]]></category>
		<category><![CDATA[Precription drug coverage]]></category>

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		<description><![CDATA[	For consumers who pay for prescription drugs out their own pockets, a new price study by Yonkers-based Consumer Reports finds it pays to shop around.

	The consumer publication&#8217;s research showed that not only that prices vary from store to store for the same, but the differences can be dramatic &#226;&#8364;&#8221; even within the same chain, depending [...]]]></description>
			<content:encoded><![CDATA[	<p>For consumers who pay for prescription drugs out their own pockets, a new price study by Yonkers-based Consumer Reports finds it pays to shop around.</p>

	<p>The consumer publication&#8217;s research showed that not only that prices vary from store to store for the same, but the differences can be dramatic &#226;&#8364;&#8221; even within the same chain, depending on location.</p>

	<p>Consumer Reports placed calls to 163 pharmacies nationwide to gauge price differences among four prescription drugs, three name brand medicines and one generic. For a three-month supply of pills for the urinary incontinence drug Detrol, for example, the price ranged from $365 to $551.</p>

	<p>The magazine also found significant price disparities for the two other name-brand drugs it studied: for Plavix (which prevents blood clots), the spread was $382-$541, and for Levoxyl (for treating hypothyroidism), prices ran from $29 to $85. And for the generic alendronate (for osteoporosis), the price range was $124 to $306.</p>

	<p>The magazine&#8217;s small scale market-basket study showed Costco was the cheapest for the four drugs CR sought quotes for, followed by AARP.com and Wal-Mart. Walgreens and Rite-Aid were among the priciest for the four drugs.</p>

	<p>Besides calling different stores and comparison shopping, other cost-saving tips include:</p>

	<p>&#226;&#8364;&#162; Don&#226;&#8364;&#8482;t rule out independents: Though they&#226;&#8364;&#8482;re not the cheapest overall, many mom-and-pop pharmacies are highly competitive and offer top notch service.</p>

	<p>&#226;&#8364;&#162; Talk to your employer:  Benefits administrators can provide details about pharmacy benefit managers, also known as PBMs.</p>

	<p>&#226;&#8364;&#162; Buy generics: They can cost 20 to 50 percent less than their brand name equivalents.</p>

	<p>&#226;&#8364;&#162; See if there&#226;&#8364;&#8482;s a discount program: Some stores have programs for those 50 and older; other programs are open to anyone without insurance.</p>

	<p>The full report is available for free now at <a href="http://www.ConsumerReportsHealth.org" title="Consumer Reports Health" target="_blank">www.ConsumerReportsHealth.org</a>, or in the June issue of Consumer Reports magazine available on newsstands tomorrow.</p>


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