Some patients purchase medication from Canadian online pharmacies. This helps them be able to afford the cost of their prescriptions.
A cost analysis in 2017 compared a list of 100 top medicare drugs. A cost comparison between their cost in the U.S. and Canadian online pharmacies. Most medicines can be purchased for less money from online pharmacies in Canada.
Why are Certain Medications Cheaper in Canada?
The Canadian government pays for all prescription drugs. A government review board oversees drug costs in Canada. The government will not pay for a drug if the review board says the cost is too high. The Patented Medicine Prices Review Board was established in 1987.
Manufacturers had a dilemma. They either lower costs or lose the entire Canadian market. They lowered the cost.
Canada has price caps on new drugs that come on the market. After they are on the market for a set time, the price is only allowed to increase at the rate of inflation. Drug manufacturers agree to Canadian’s price guidelines as long as they get a profit. They make up the difference in their profit margin from U.S. consumers.
The U.S. government is not involved with price negotiations for prescription drugs. Negotiations occur between each insurer and the manufacturer.
Manufacturers Advertise Directly to U.S. Consumers
Manufacturers can advertise directly to consumers inside the U.S.
They cannot do so in other countries. This builds demand for their product. Drug manufacturers spend millions in advertising for that very reason. This drives the price up even higher.
Importing Medications from Canada
The Trump administration had a plan to import medications from Canada. These would be for the U.S. consumer market. In July of 2019, the Department of Health and Human Services (HHS) advertised their drug import plan. They wanted to make sure the drugs originated in Canada. The Food and Drug Administration (FDA) had several problems with the plan, and it has yet to be implemented.
President Joe Biden told the Food and Drug Administration (FDA) to work with states. Allowing them to import prescription drugs like crestor from Canada. This was in July 2021. With this plan, each state would handle the program. This approach has bipartisan support among the general public.
People in the U.S. pay more for their medications than in other countries. Studies show consumers in the U.S. pay between 54% to 72% more for various groups of medicines.
Many states are actively pursuing the goal of importing medicines from Canada. They must submit a proposal to Health and Human Services. The proposal will outline how their program meets safety and cost savings guidelines. No state has certified its plan as of yet.
PricePro Pharmacy Canada
PricePro licensed online pharmacies can fill U.S. prescriptions. They supply brand and generic drugs. This allows Americans to purchase medication at a discounted price. Medications are shipped right to the consumer’s door. Medications are purchased at PricePro Pharmacy Canada prices.