WIND ADVISORY

10 AM Until 2 AM Saturday

The National Weather Service maintains a WIND ADVISORY for nearly all of West Michigan from 10 AM this morning until 2 AM Saturday morning.  45 mph gusts are likely inland while 50 mph gusts are possible at the Lake Shore.  This kind of wind is capable of bringing down tree branches and creating some power outages.  Obviously, we hope that doesn't happen.  Winds blow from the northwest this morning then from the north by midday and beyond.  Stay with wwmt.com for your weather today and always!

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I-Team Special Report: Drug Dilemma, Part I

Updated: Friday, May 2, 2014 |
I-Team Special Report: Drug Dilemma, Part I story image
WEST MICHIGAN (NEWSCHANNEL 3) - Do you price shop for prescription medicine?

The Newschannel 3 I-Team investigated a drug dilemma.

We found large price differences for presciption drugs, but we also learned focusing too much on the lowest price can be dangerous.

Kalamazoo resident Marva Golden lined up twelve different prescriptoin medications she needs on her kitchen counter.

She told us she can spend up to $500 a month on medicine.

Golden lives on a fixed income because she is retired, so she checks prices to save.

"I keep wondering if there's another store I might go to that's cheaper than the one I'm shopping at,"she said.

There is plenty of incentive for Marva Golden to price shop.

Newschannel 3 contacted 40 pharmacies across West Michigan and found big price differences.

We price compared a one month supply of generic Plavix, a popular blood thinning medication.  The highest price was $248,  the lowest just $5.

We also checked prices for a one month supply of generic Singulair, a popular asthma medication.

The highest price was $203, the lowest $8.

So why are prices all over the map?

"The fault is so hard to pinpoint because everything is so intentionally opaque. There's no transparency in any of these pricings," said Jim Middleton, the Director of Pharmacy for Western Michigan University.

Middleton at least partly blames prices on something he calls a usual and customary charge, so that businesses can get the most from insurance companies.

Middleton says that usual and customary charge is still in place for individuals paying for prescriptions using cash.

But when we pointed out to expert after expert that prescription drug users have incentive to shop around, they all said be careful, you could be putting your health in danger.

"Pharmacy isn't a commodity, it's not like your milk and eggs.", Said Sheryl Kirby, owner of Fred's Pharmacy in Three Rivers.

Experts say if you are taking multiple medications, you should get them all at one pharmacy.

That is so pharmacists can keep track of what you are taking.

"The concern is if you go to multiple pharmacies, that we do not know what the other pharmacies are doing, there can be severe drug interactions", said Kirby.

However, some prescription users such as Marva Golden do not think they can afford to only go to one pharmacy.

"Sometimes I just take the risk," said Golden, "hoping that it is the right medications, that it is going to do what it is supposed to do."

The price checks we did for pharmacies were based on a cash purchase.

Prices will be different if you have insurance, and then vary based on the quality of that insurance.

Also, there are programs to help lower prices, be sure to ask your pharmacist, to make sure you're not paying more than is necessary.

There is a website called good r-x that can help you find the lowest prescription prices where you live, we've linked it to our website. Just click here.
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Business News

Last Update on October 31, 2014 07:28 GMT

WORLD-FINANCIAL MARKETS

SEOUL, South Korea (AP) -- Japan's Nikkei 225 stock average surged 5 percent and the yen slid against the dollar after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economic recovery.

Other Asian stock markets were also higher after the Japanese central bank's announcement Friday. The dollar rose 1.2 percent to 110.64 yen.

The bank said it would increase its asset purchases by between 10 trillion yen and 20 trillion yen ($90.7 billion to $181.3 billion) to about 80 trillion yen ($725 billion) annually.

The Nikkei was up 4.6 percent at 16,380.11 after shedding some of its initial gains. Hong Kong's Hang Seng rose 1.2 percent and Seoul's Kospi was up 0.1 percent.

ECONOMY-THE DAY AHEAD

WASHINGTON (AP) -- Today. the Commerce Department will release its September report on consumer spending, which accounts for 70 percent of economic activity in the U.S.

Also, the University of Michigan will issue its monthly index of consumer sentiment for October. In September, the index reached its highest level since July 2013, led by greater optimism that the economy will grow and incomes will rise.

The Labor Department will also release the third-quarter employment cost index.

Before the market opens, Exxon Mobil will report its quarterly financial results.

CITI-REVISED EARNS

NEW YORK (AP) -- Citigroup is slashing its third-quarter earnings by $600 million, saying that recent investigations by regulators have altered the results it reported earlier this month.

The New York-based bank on Thursday revised its quarterly net income to $2.8 billion from a previously reported $3.4 billion, citing legal expenses.

The bank's operating expenses rose from $12.36 billion to about $13 billion.

The company said in a statement the unexpected increase came from "rapidly-evolving regulatory inquiries and investigations, including very recent communications with certain regulatory agencies related to previously-disclosed matters."

Citi previously reported third-quarter net income of $3.44 billion, or $1.07 per share, on Oct. 14. The results exceeded Wall Street estimates.

Like other major banks, Citigroup has been the target of lawsuits and government investigations for its role in the mortgage meltdown that helped spur the financial crisis of 2008.

SURGICAL GOWNS LAWSUIT

LOS ANGELES (AP) -- A lawsuit says Kimberly-Clark Corp. falsely claimed its surgical gowns met the highest standards for protecting against Ebola and other infectious diseases.

Lead attorney Michael Avenatti says the Texas hospital where two nurses contracted Ebola used to stock the gowns but it's not clear if the nurses had used them.

The $500 million fraud suit was filed Wednesday in federal court in Los Angeles on behalf of a surgeon who wore the gowns.

The lawsuit says Kimberly-Clark knew for a year that the gowns failed industry tests and allowed the transfer of bodily fluids, bacteria and viruses, but the company still promoted them as having the highest level of impermeability.

The maker of Kleenex and other consumer products says it doesn't comment on lawsuits but stands behind its products' safety.

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