COLESTIPOL treats high cholesterol. It works by removing bile acid from your body and decreasing the amount of bad cholesterol (such as LDL) in your blood. Changes to diet and exercise are often combined with this medication. Get Colestid Flavored for as low as $470.79, which is 19% off the average retail price of $582.99 for the most common version, by using a GoodRx coupon.