An insider’s view of generic-drug pricing: Crazy fluctuation is the norm

Filed Under: Costs, Patients, Providers

 

Did you ever notice that prescription prices seem to be crazy? Pricing policies from pharmacies and manufacturers are all over the map, David Lazarus writes in The Los Angeles Times, quoting a former drug purchasing manager for Kaiser Permanente, the big California-based health-care provider.

” ‘A lot of the prices for generics cant be justified,” [he] said. “Manufacturers are basically starting with the exorbitant prices that the branded guys charged and then setting their own prices at whatever level they think the market will bear.

“The murky world of generic drug prices has been much on my mind after hearing from readers about costs for various medicines experiencing crazy fluctuations. I wrote the other day about a Target customer who saw the price for a generic antibiotic climb from $6 to $133 within just a few weeks.” David Lazarus, An insiders view of generic-drug pricing – latimes.com., March 25, 2013.