Why do drugs in Canada cost less?
Some people need drugs just occasionally; some take drugs on regular basis. It can cost you about $200 to treat strep throat for 10 days. Do you think this is the price without insurance? No, this is the price for someone who pays his premiums every month. In this case people start to think if they really need to be treated at this specific time. A lot of Americans are in difficult financial situation. And in case they decide not to buy their prescribed medicines, this step can be fatal for their health.
It is known that at least one in ten Americans buys his/her drugs in Canadian pharmacies. Why? It’s because the prices in these pharmacies are a lot cheaper. You can save up to 80% off the price that you usually pay in American pharmacy. Does it sound unreal? It’s just sounds like this, but it is truth. Let’s dig into it.
The main reason of the low price on the drugs in Canada is that it is controlled by government. Health care in Canada at all is free or almost free. It is regulated by the provisions of the Canada Health Act of 1984. Health care is delivered through a health care system which is funded publicly. Government has some federal standards to ensure the quality of care.
Prescription drugs, glasses, dental care, home care or long-term care are not covered by the Canada Health Act. If people have to be faced with those problems, they have to pay out-of-pocket for these services. Another way to get over this is to rely on private insurance. Children, seniors and Canadians living in poverty get partial coverage from provinces. People who need mental health care can usually count on limited coverage.
Government controls level of competitive practices such as advertising. They try to be kept to a minimum. Those steps are maximizing the revenues’ percentage that go directly towards care. All health care system is paid through funding from income taxes.
There is a fact that Canada is the only country with a universal healthcare system and at the same time does not include coverage of prescription medication. If you are prescribed any medication, it will be covered through employment. Other options include public funds in some provinces for the elderly or indigent, paid for out-of-pocket or private insurance. In case when patients have to pay themselves, most drug prices are negotiated with suppliers. It is made the way that each provincial government controls costs.
A lot of Americans purchase prescription drugs from Canada. It saves their money. They do it while traveling in person or order them online as the most popular method to buy prescription drugs for cheap. Even if drugs are not covered by Canadian health care program, they are still substantially lower than prescription drug prices in America. It is expected that U.S. citizens leave $1 billion annually in Canadian pharmacies.
You can buy prescription drugs from any Canadian pharmacy and you will be surprised by unbelievable low price. The secret is in the thing that prescriptions are filled from drugs sourced not from Canada but rather Caribbean nations or from Eastern Europe. So, Canadian online pharmacy sells the drugs that are offered for a Canadian price. They can do that because they buy them at a still cheaper rate from third parties overseas.
American companies spend billions of dollars every year for advertisement and sampling. When you come to your doctor’s office, pay attention to samples, pens, notebooks that you can see in the hallway or on the desk of your health care provider. All of them are brought there by special agents to force you to buy specific brand. Guess who has to pay for all of this? You! All those spendings for brand/drug promotion are already included in the price of medicine that you will need to buy one day to make your life better.
Also health care system in the U.S. is built the way that poor people get everything for free, but people who are qualified as ones who can afford insurance, have to pay for the first group. Patients get crazy bills for their care and especially for drugs. The easy example: a cream for sore cold treatment in Europe costs $1, in American pharmacy you have to pay $7. Is it fair? Absolutely no. If U.S. government wants to make money on pharmaceutical companies, why other people have to pay for it? The way to save money as we mentioned earlier is a shopping in Canadian pharmacy.
Canadian government regulates prices on drugs so they will be affordable to those who really need them. Canadian pharmacies sell same high-quality product for less because people don’t pay for promotions that they don’t need.
Also Canadian government controls the amount and quality of generics of original drugs. In this case companies will not be able to increase their prices because of numbers of alternatives offered on the market.
Thus, shopping in Canadian pharmacy can save you good amount of money compare to American one. It is caused by government monitoring and regulating, sources of drugs, limited extra spending on unnecessary things and well-developed system of high-quality generics’ production.