Generic drugs, brand-name prices

The Freakonomics Blog examines the wide price disparities among generic drugs from retailer to retailer. It uses the generic equivalent of Prozac as an example; the price for 90 tablets ranges from $117 at Walgreens to $12 at Costco.

I can vouch for Costco's low prices, at least when it comes to the generic Claratin D. The allergy drug averages about $1 or so per pill (for the 24-hour dosage) at most stores and 33 cents at Costco.

The typical price seems to have actually increased a little over the last year, since stores stopped selling it on shelves (the drug can be used to make meth, so the rest of us suffer -- but that's another rant). My theory: comparison shopping has become more cumbersome.

Anyway, I didn't realize prices swung that wildly for other drugs, too.

By the way, if you haven't read the book Freakonomics, you should. It's a fascinating and thought-provoking read.

Source: Freakonomics Blog