Back to top Jump to featured resources
Article filed under Independent Business

Another Survey Finds Independent Pharmacies Cheaper than Chains

| Written by Stacy Mitchell | No Comments | Updated on Feb 1, 2003 The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/another-survey-finds-independent-pharmacies-cheaper-chains/

We recently reported on two price surveys conducted by the state of Maine and New York City that found that independent pharmacies had lower prescription drug prices compared with chain drugstores, supermarkets, and mass merchandisers like Wal-Mart.

In December, another prescription price survey conducted by the New York Statewide Senior Action Council in Albany, New York, concluded, “The lowest prices for generic drugs were found at an independent pharmacy. . . contrary to the belief that chain drug stores with high volume purchases would pass on the savings to customers.”

For example, prices for Lovastatin, a cholesterol medication, ranged from $84.50 at the independent Lincoln Pharmacy to $199.97 at Rite Aid. The online pharmacy Drugstore.com offered Lovastatin it for $99.99, Wal-Mart for $136.62, and Target for $146.39.

Tags: / / /

About Stacy Mitchell

Stacy Mitchell is co-director of the Institute for Local Self-Reliance, and directs its Community-Scaled Economy Initiative, which produces research and analysis, and partners with a range of allies to design and implement policies that curb economic consolidation and strengthen community-rooted enterprise.  She is the author of Big-Box Swindle and also produces a popular monthly newsletter, the Hometown Advantage Bulletin.  Connect with her on twitter and catch her TEDx Talk: Why We Can’t Shop Our Way to a Better Economy. More

Contact Stacy   |   View all articles by Stacy Mitchell