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How much does my pharmasist mark up the prescription meds he sells me. How much proffit in mark up?


frollard4 years ago
The pharmacist probably doesn't get a huge take on the meds...the pharmaceutical companies make sure of it - supplying meds at prices the market will bear.

They probably make more on no-name stuff than they do on name brand - even though it sells cheaper, the supply cost is much less.  The only contra-example I can think of is where pharmacists get paid a commission for selling specific name brand stuff - again, how much is a mystery to me.

Also depends on your country, where for example in Britain you get fixed price prescriptions on national drug plans...etc.
I'm not sure how different pharmaceutical companies run their price points, but I'm pretty sure that the actual pharmacies don't have a ton of control of the prices. I would like to find out for sure though. I know of a pharmacy who sellsdiabetic supplies in Park Ridge and I'm not sure anyone there would be able to answer this question.
The chain stores mark up there prescriptions over 60%. I know because I worked at one for two years! There was one real nice pharmacist who would give people
who could not pay those high prices, the Medicaid price. He was retiring the year he started to do this. He told me he was just so fed up ripping people off!!
The pharmacist gets paid by the store, not by how much he bottles.
The starting salary is over 100k to work at a national name brand drug store and can run 90K at a small grocery store.  These saleries are people who are straight out of Pharmacy School cause the demand is so high.

The price YOU pay per prescription depends on your insurance plan also.  My moms medicine might run 35 bucks a month with Blue Cross/Blue shield and mine is $0 with Tricare.
pharmacies charge 8-10 dollars just to put the pills in a bottle.
lemonie4 years ago
Where do you live?
Have you tried going to different Pharmacies asking for their best prices?

L
seandogue4 years ago
The overall mark up is significant for many drugs. Why do you think it's so lucrative?

The US is probably one of the worst places for gouging in prescription drugs, since most industries operating (including pharmaceuticals) have the opinion that all 300 million of us live like the 2% actually do and have cash pouring out of our pockets (ever wonder WHERE the middle class went?) and use us to offset the savings they provide to foreigners to further their image in the international mercantile markets. This is why so many people who have serious drug needs (of the legal kind ty very much) find that the only way they can afford the drugs that keep them alive have to illegally travel to Mexico or Canada to purchase their prescription drugs.  remember that next time you hear the boomers lauding themselves for all the "good" they've done during their tenure...

Also, note that in the case of pharmacists, you have to be careful about assuming that they'll look out for you, because they, like doctors, are promoted to heavily by rich drug salespeople who use all sorts of promotional tricks to get them to use their products, so they may try to convince you that you need a more expensive med than you actually do (brand vs generic) or simply fill your bottle with the more expensive version by default.
That depends on a lot of factors.  It's affected by the country and region you live in, the type of business establishment that the pharmacy is a part of, and of course the actual medications that you're buying.

We don't know where you live or what you've been prescribed, so I can't make a very good guess.  Based on the fact that they need to run a business, you can probably expect it to be anywhere between 15 and 40%. 

If you want to save money, one of the best strategies is to ask the pharmacist if there's a generic brand of the medication you're prescribed.  They'll be the same as the brand your doctor prescribed, but they'll be cheaper.  Sometimes they'll be a LOT cheaper.  I like to mention the over-the-counter allergy medication Reactine as an example of this.  48 doses of Reactine usually costs about $40 where I live.  I picked up a box of 172 doses of a store-brand for $17.99.  Both are cetrizine hydrochloride (sic?) and the doses are the same, but the store brand is 87% cheaper!


Seconded to ask for the no-name.

Just make sure its identical and not equivelant - theres oxymetazoline hcl, citrizine hcl, and a dozen others.  If you're used to one brand (reactine, claritin, nasonex, etc) make sure to get the right no-name - as your body will work better with one and changing often can nullify the effects.
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