Drug Prices

Why does Walgreens charge 1,237% more than Costco?

That is the headline clickbait but you can read the whole article in USA Today . Do you want the answer? Because they can. Want to fix it?  Shop somewhere else.  Walgreens will lose business and will then have to bring their prices down.

That is called the free market.

And that is how we can fix our healthcare system.

(If you read the article you will see how “confused” the author is about how each insurance company negotiates the price down for drugs making the cash price basically just window dressing.  Once again, another reason why the system is broken and why insurers need to be removed from most of it. Let the people negotiate. We don’t need big brother doing it for us).

Douglas Farrago MD

Douglas Farrago MD is a full-time practicing family doc in Forest, Va. He started Forest Direct Primary Care where he takes no insurance and bills patients a monthly fee. He is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. Dr. Farrago is the author of four books, two of which are the top two most popular DPC books. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Dr. Farrago is also the editor of the blog Authentic Medicine which was born out of concern about where the direction of healthcare is heading and the belief that the wrong people are in charge. This blog has been going daily for more than 15 years Article about Dr. Farrago in Doximity Email Dr. Farrago – [email protected] 

  1 comment for “Drug Prices

  1. Johnny Johnston MD
    May 31, 2017 at 10:07 am

    As a former Pharmacist, now a Pediatrician I know why there are such high prices in stores that take Medicaid (and probably Medicare Part D – I wasn’t in pharmacy when it started).
    Medicaid audited your records frequently and if they find you charged a cash patient less than you charged Medicaid they would crucify you with penalties and cut your reimbursement across the board. You were screwed!

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