Costco to sell Ozempic and Wegovy, weight-loss wonder drugs - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
October 8, 2025 Newswires
Share
Share
Post
Email

Costco to sell Ozempic and Wegovy, weight-loss wonder drugs

Adeel Hassan NYTimes News ServiceWest Hawaii Today

The popular weight-loss drugs Ozempic and Wegovy will soon be available at the warehouse chain Costco, as their manufacturer races to keep ahead of the competition, including many cheaper copycat versions.

The company, Novo Nordisk, said Friday that prescription-only injectable pens for both drugs will be sold at more than 500 Costco pharmacies in the United States.

Costco members with a prescription will pay $499 out of pocket for a four-week supply of either Ozempic or Wegovy.

That cost is about half of the list price for Ozempic, and about two-thirds less than that of Wegovy. The list price is the "sticker price" a company sets before any discounts, rebates or other reductions are given to wholesalers or pharmacy benefit managers.

Executive members and people with Costco Citibank credit cards will also get a cash back reward as part of the chain's prescription program. Costco's executive members and Costco Citibank Visa cardholders will get an additional 2% discount, Novo Nordisk said.

For members with health insurance, the price will depend on their plan.

"We continue to find new ways to make access to our medicines more convenient, meeting people where they are," a Novo Nordisk spokesperson said in a statement.

Novo Nordisk already sells a monthly supply of Ozempic and Wegovy for $499, each separately, at its direct-to-consumer website, and it offers the same discount at CVS and Walmart.

In February, the drug company Eli Lilly made a similar offering for vials of its weight-loss drug, Zepbound, for $499 per month or less.

Novo Nordisk followed in March by cutting the price of Wegovy to $499 per month for certain patients who pay out of pocket instead of going through insurance.

Novo Nordisk, a Danish company, announced last month that it would cut 9,000 jobs, or about 11% of its global workforce, as it sought to lower costs and rejuvenate its growth prospects. In May, the company replaced its chief executive.

Novo Nordisk's share price has plummeted more than 50% this year. Though the company reported $24 billion in global sales in the first six months of 2025, it has said that it expects growth to slow in the rest of the year.

Novo Nordisk's addition of Costco to its roster, though, has the potential to introduce a significant number of new customers, as many health plans continue to deny insurance coverage for the drugs.

More than 100 million people visit Costco for their groceries, and it's the third-largest retailer in the world by revenue, trailing Walmart and Amazon.

The active ingredient in Ozempic, as in Wegovy, Zepbound and several other similar new drugs, semaglutide, mimics a natural hormone, called glucagon-like peptide-1 (GLP-1), that slows digestion and signals fullness to the brain.

An analysis of the longest and largest study on semaglutide, published last year, showed that participants who took the medication for four years were able to shed an average of around 10% of their body weight and sustain that weight loss.

About 7 million Americans take a GLP-1 drug, and Morgan Stanley estimates that the number of U.S. users could expand to 24 million by 2035.

A study analyzing prescription data from 2019 to 2023 found a significant increase, more than 700%, in new GLP-1 prescriptions for patients without diabetes who are overweight or obese.

This article originally appeared in The New York Times.

Older

Highmark study: Surgery beats drugs like Ozempic for those looking to lose weight

Newer

Insurers struggle with GLP-1 costs; some weaning patients

Advisor News

  • Inflation, competing priorities and uncertainty erode retirement security
  • As health premiums rise, 1 in 8 workers cut retirement savings
  • CT governor’s candidates claims: What’s true, and what’s misleading
  • Retaining clients by giving them a memorable experience
  • Addressing the longevity paradox
More Advisor News

Annuity News

  • National Life Group expands annuity portfolio
  • AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
  • USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
  • How flexible annuities fit today’s retirement portfolios
  • Foresters Financial appoints Tom Ross as chief distribution officer for U.S. annuity sales
More Annuity News

Health/Employee Benefits News

  • As feds cut key fee, Indiana Medicaid chief warns changes needed to avoid 'catastrophic situation'
  • Reports from University of California Berkeley Provide New Insights into Managed Care (Peng Ding’s Contribution To the Discussion of ‘balanced and Robust Randomized Treatment Assignments: the Finite Selection Model for the Health Insurance …): Managed Care
  • EXPLAINING HEALTH CARE REFORM: QUESTIONS ABOUT HEALTH INSURANCE SUBSIDIES
  • HEALTHCARE AND CIVIL RIGHTS GROUPS URGE COURT TO PROTECT LIFESAVING HEALTH INSURANCE COVERAGE THROUGH MEDICAID
  • How the law protecting Americans from surprise medical bills is driving up healthcare costs
More Health/Employee Benefits News

Life Insurance News

  • Security Benefit Announces Planned Dividend Rate Reset for Series B Preferred Stock
  • Palmetto Heritage and Atlantic Coast Life Announce Discussions Regarding Potential Acquisition
  • Jury finds insurance company acted in bad faith, awards Nebraska woman $11.3M
  • AM Best Affirms Credit Ratings of GIG Insurance – Egypt S.A.E.
  • Symetra Named to Fortune Best Workplaces For Women™ List for Fifth Consecutive Year
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.