Prescription drugs cost least at Costco and most at CVS, study shows

Posted: Published on March 29th, 2013

This post was added by Dr P. Richardson

A man walks outside CVS pharmacy in New York City July 28, 2010. REUTERS/Mike Segar

Shoppers push a trolley outside a Costco Wholesale store in Los Angeles, California March 6, 2013. REUTERS/Mario Anzuoni

Some of the most popular prescription drugs that recently became available in generic form are sold at the lowest prices at Costco and at the highest prices at CVS Caremark, according to an analysis by Consumer Reports.

Failing to comparison shop for drugs - such as generic Lipitor to lower cholesterol or generic Plavix to thin the blood - could result in overpaying by $100 a month or even more, depending on the drug, the report said.

Related: ObamaCare weighs in: CVS tells employees to reveal personal health info -- or pay up

The article will be available in the May issue of Consumer Reports.

Consumers may find good deals at local independent pharmacies, Consumer Reports said.

One of the big takeaway messages from the analysis is that the customer must ask the pharmacist for the best price, the publication said.

"Especially for the independent pharmacies, if they want to retain your business and loyalty, they will help you get the best price," Lisa Gill, an editor at Consumer Reports, said.

One reason for the wild cost fluctuations may be that different types of stores have different business incentives, she said.

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Prescription drugs cost least at Costco and most at CVS, study shows

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