BTL would like to congratulate Costco

BTL extends congratulations to Costco for providing transparency in pricing in their prescription benefits program:

“In addition to our exclusive pharmacy provider pricing, all rebates and administrative fees received from pharmaceutical manufacturers will be credited to you (the payer) at the point of sale. This means immediately lower prices and, unlike our competitors, our program does not create a “pricing spread” that is built in as additional profit. Our design is fundamentally a cost-plus strategy.”

Read more about Costco’s program here.

Clearly, Costco understands that for their customers to receive the best possible pricing on the pharmaceuticals they purchase, all sales incentives, such as rebates, need to be disclosed and passed on to the customer. We applaud them for stepping away from the “status quo” and doing what is right, simply because it is right.