Why are Canadian drugs cheaper than American drugs?
Posted by AngeloEverton on September 6th, 2011
When you compare the cost of some of the most common medicines that are available across USA and Canada you will be surprised to see that Canadian drugs are much cheaper than those in the USA. There are numerous examples of this and you will feel that a Canadian is much better off because an American spends $47,000 a year on medicines on an average. There are actually a few reasons why Canada drugs are cheaper than American drugs.
Let us compare the price of a couple of drugs that are available both in USA and Canada. When you buy Flomax in the USA, a 30-day supply will cost you $110. In Canada, the cost of the same medicine is $38. This is a straight saving of 35%. Flomax, you may know, is a medicine for treating prostate enlargement. Similarly, Diovan, a medication for high blood pressure, costs $73 in the USA for a 30-day supply. The same medicine costs $40 in Canada. This means 55% cost saved. Amazing isn’t it?
So, what is the reason for the low cost of Canadian drugs? Given below are some simple explanations.
The cost of Canada drugs are determined and managed by the Patented Medicine Prices Review Board in Canada. It is they that decide the cost that drug companies can charge for their products as they sell them to the Canadian pharmacies. Since the drug companies charge the pharmacies, the pharmacies can also afford to charge their customers less for Canadian drugs.
Another reason for the lower cost of Canadian drugs is because of the legal angle. In the USA, more customers tend to charge drug companies. This number is significantly lower in Canada. Moreover, the damage penalties awarded by the Canadian courts is also significantly less than what American courts award to the American customers. This means that companies manufacturing Canada drugs have a lower cost of liability. This is another reason they tend to charge less.
All the Canadian provinces have a drug formulary through which restrictions can be put on the use of expensive and newer medicines. Senior citizens of Canada can actually negotiate with the pharmaceutical companies to lower the prices of the medicines. This is another reason for the lower cost of Canadian drugs.
The standard of living in Canada is also 25 to 30 percent lower than that in the USA. This is why pharmaceutical companies tend to charge less for Canada drugs.
These four points must have made it clear to you as to why Canadian drugs are cheaper than American drugs. Those American citizens that are aware of this fact tend to buy their medicines from Canada. Try out Canada drugs on your own and see the significant reduction in your overall medicine cost. And there are enough professional online pharmacies in Canada that provide the best quality medicines and deliver them to you. Search for them in Google and start dealing with them. The cost saving will keep you going back for more.
Like it? Share it!
About the AuthorAngeloEverton
Joined: April 7th, 2011
Articles Posted: 1,082
More by this author