{"id":43927,"date":"2016-03-02T00:00:00","date_gmt":"2016-03-02T05:00:00","guid":{"rendered":"https:\/\/asweetlife.org\/the-hugely-inflated-prices-of-glumetza-and-metformin-er\/"},"modified":"2016-09-13T10:21:42","modified_gmt":"2016-09-13T14:21:42","slug":"the-hugely-inflated-prices-of-glumetza-and-metformin-er","status":"publish","type":"post","link":"https:\/\/asweetlife.org\/?p=43927","title":{"rendered":"The Hugely Inflated Prices of Glumetza and Metformin ER"},"content":{"rendered":"<p style=\"text-align: justify;\">I have been taking metformin (<a href=\"http:\/\/www.joslin.org\/info\/glucophage.html\" target=\"_blank\">Glucophage<\/a>) for about three years. My doctor recommended it since my A1c reading had been climbing from about 5.5 to 6.3% over a two-year period. There is also a history of Type 2 diabetes on the paternal side of my family. Metformin caused me some stomach upset so I switched to <a href=\"http:\/\/www.salix.com\/products\/glumetza\" target=\"_blank\">Glumetza<\/a>, a coated form of the same drug, Glucophage, a standard treatment for diabetes that has been available in the United States since 1995. I have excellent insurance coverage and receive all my medications in the most economical form, three month prescriptions delivered by mail.<\/p>\n<p style=\"text-align: justify;\">On February 6<sup>th<\/sup>, Caremark mail service called to tell me there was a prescription coming for which I would have to sign. I told the caller that it was fine to leave it at the door. The Caremark representative said that was not possible since it was a high-value prescription. The prescription came the next day, I signed for it, and I checked the invoice only because the person on the phone had\u00a0told me it was a &#8220;high-value prescription&#8221; and I knew it was only metformin.<\/p>\n<p style=\"text-align: justify;\">When I looked at the bottom of the invoice I noticed that the listed price was $14,020.87. My co-pay was $40.00 I called Caremark to tell them about the computer error. I didn&#8217;t think it was possible that metformin cost $14,020.87. I was even more certain that this was a computer error because the prescription was not Glumetza, but a generic, metformin ER.<\/p>\n<p style=\"text-align: justify;\">It was no error.<\/p>\n<p style=\"text-align: justify;\">And it was a generic prescription.<\/p>\n<p style=\"text-align: justify;\">The brand name Glumetza, sold for over $16,000 for a three-month supply. I was even more stunned than angry and I began to check around. I was about seven months late to the Glumetza story. Probably many of you followed the sale of Glumetza in 2015 to the now notorious <a href=\"http:\/\/www.valeant.com\" target=\"_blank\">Valeant Pharmaceuticals<\/a>. By the time I reached an online forum complaining about Glumetza pricing, hundreds of people had already registered their complaints.<\/p>\n<p style=\"text-align: justify;\">Last year the New York Times reported that Valeant had purchased <a href=\"http:\/\/www.salix.com\/products\/glumetza\" target=\"_blank\">Salix<\/a>, the maker of Glumetza, and immediately raised the price by 800%. I also learned that Blue Cross of Idaho among others, had removed Glumetza from its formulary in July 2015 because of the sudden price increase. In the <a href=\"http:\/\/www.nytimes.com\/2015\/10\/05\/business\/valeants-drug-price-strategy-enriches-it-but-infuriates-patients-and-lawmakers.html\" target=\"_blank\">Times article<\/a> a Valeant spokesperson said that it was common practice to raise prices before the branded drug became a generic- Glumetza was scheduled to become a generic drug in February 2016.<\/p>\n<p style=\"text-align: justify;\">So, I may have been very late to the astonishing price increase of Glumetza, but I am, by coincidence, among the first to report that the<strong> generic price is almost as ridiculous<\/strong>. <strong>My bill, $14,009.23, was for the generic, available, as promised, in February 2016 and manufactured by<a href=\"http:\/\/www.lupinpharmaceuticals.com\" target=\"_blank\"> Lupin<\/a>, an Indian pharmaceutical company that is the sixth largest maker of generics in the world.<\/strong> <strong>The Caremark &#8220;resolution specialist&#8221; assured me that his company did indeed pay $14,009.23 for generic metformin ER tablets.<\/strong> I called the local Rite Aid pharmacy to ask what a generic metformin prescription would cost. \u00a0The pharmacist told me $5.13 for a month supply of 500 mg metformin tablets. I checked a Canadian website which sells Glumetza, the branded drug, for $1.13 per 500 mg tablet. An American Internet wholesaler, <a href=\"http:\/\/health warehouse\" target=\"_blank\">Health Warehouse<\/a> charges $127 per tablet.<\/p>\n<p style=\"text-align: justify;\">Apparently, Walmart and others sell generic metformin and generic Metformin ER for a four dollar co-pay. I hadn&#8217;t thought my $40 co-pay was excessive, and I suppose it still isn&#8217;t if I&#8217;m only paying 10 times more than I would have to pay Walmart while my insurance company is paying $14,009.23 for a five dollar generic prescription.<\/p>\n<p style=\"text-align: justify;\">None of this makes any sense to me nor do I imagine it does to any other reasonable person. If you\u2019ve had a similar experience, please leave a comment below.<\/p>\n<p style=\"text-align: justify;\">\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I may have been very late to the astonishing price increase of Glumetza, but I am, by coincidence, among the first to report that the generic price is almost as ridiculous. My bill, $14,009.23, was for the generic, available, as promised, in February 2016 and manufactured by Lupin, an Indian pharmaceutical company that is the sixth largest maker of generics in the world.<\/p>\n","protected":false},"author":83,"featured_media":37974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1442,1541],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v22.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Hugely Inflated Prices of Glumetza and Metformin ER<\/title>\n<meta name=\"description\" content=\"I have been taking metformin ( Glucophage ) for about three years. 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