January 30, 2006 /

New Medicare Program: Drugs More Expensive Than Retail

To put the ineffectiveness of the new Medicare prescription program into perspective,  needymeds.com has compiled a list of common medications and compared the cost to numerous other sources. Of the ten drugs listed (including Lipitor, Plavix, Prevacid and Zocor), Medicare-D offers the highest price. The cost for all ten drugs under the new Medicare program […]

To put the ineffectiveness of the new Medicare prescription program into
perspective, 
needymeds.com
has compiled a list of common medications and compared the
cost to numerous other sources.

Of the ten drugs listed (including Lipitor, Plavix, Prevacid and Zocor),
Medicare-D offers the highest price. The cost for all ten drugs under the new
Medicare program comes out to $1,158.11. The same drugs can be bought at Costco,
without insurance, for $23 less ($1,125.95). For people willing to go north of
the border, the savings is much greater. The ten drugs in Canada cost $717.12.
That is a savings of $440.99. For a senior on a fixed income, even shopping at
Costco can mean a big difference.

I encourage you to check out their full list
here and see
for yourself how the new Medicare program is making money for the pharmaceutical
and insurance industries.

More IntoxiNation

Comments