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Study: Prescription costs just depends on where you shop | Boston Business Journal

As local lawmakers seek to rein in prescription drug prices, a new study by a Massachusetts consumer protection group is shedding light on how expensive the problem may be.

According to a study released this month by MASSPIRG, consumers are paying vastly different prices for the same prescription drug depending on which pharmacy they shop at. On average, the lowest price and the median price for each drug differed 892 percent.

Volunteers obtained the information by calling more than 250 pharmacies in 11 states to determine the cash price on a typical 30-day supply or single treatment course of some of the most commonly-prescribed branded and generic medications.

What they discovered was a vastly different range of prices, ranging from $11.99 for a type of long-acting drug for asthma drug Advair Diskus at the minimum to $1,136 at the maximum.

“This massive price variation reveals a seemingly arbitrary system of drug pricing, where pharmacists selling the exact same medication and dosage were unable to give a consistent price for identical products,” the report says.

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Study: Prescription costs just depends on where you shop – Boston Business Journal.

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