Why are Canadian drugs cheaper than American drugs? Why is it so much less expensive for Americans to have prescriptions filled in other countries?
The primary reason why people buy imported prescription drugs is to save money. There are a number of factors that cause drug prices to be less expensive in countries other than the US:
1. The US is the only developed country that does not impose federal price controls on pharmaceutical products. Government price controls keep Canadian, Australian, Israeli and Chilean pharmacy prices comparatively low.
2. The stabilizing effect of the European Union free trade agreement means Americans pay less when they buy United Kingdom drugs.
3. In Canada, Chile, Australia and Israel drugs are inexpensive for Americans due to the relative strength of the US Dollar.
4. Generic drugs are always less expensive than their brand name counterparts, and EarthMeds has a wide selection of international generics.
Foreign drug prices are generally 15-70% lower than American prices, and shopping overseas is the best way to combat the rising cost of prescription medication in the US. It's easy to shop around for the pharmacy offering the best prices on imported prescription drugs using EarthMeds' Drug Browser.
Note: Although US brand name drug prices tend to be very high, US generic drugs are among the least expensive in the world. Check out EarthMeds drug list to see if you can reduce your drug bills shopping domestically.
|
