Reason for the Price Disparity Between Canadian and American Pharmacies
Prescription drugs are sold at different prices from country to country. There are however some groups of nations that have prices that do not differ by a lot. It is Canada and America that have very huge differences in the prices of drugs. Drugs being sold in America cost more than the same drugs that are sold by Canadian pharmacies. That is why many Americans wish the pharmacies in America will be more like the Canadian pharmacies. There are Americans that cross the border to take drugs from Canada.
It is therefore very important to know the reasons why Canadian pharmacies have lower prices. In this article we are going to have a deeper look as to why the Canadian pharmacies charge lower prices than American pharmacies. To start with, in America there is no regulatory body that is in charge of regulating drug prices in the industry. Because of this, the drug prices that are currently prevailing in the US market were set by the American drug manufacturers.
The lack of anyone to stop them is because there are no regulatory bodies to keep them in check. Many people agree that the lack of a regulatory body is the chief cause of the problems. Also the American pharmacies are the ones that have a say in the amount of money that patients pay out of pocket. A dire situation that has arisen from this is that only very few people can adhere to the doctor’s prescription. This is what makes people always have recurring sicknesses. Luckily the drug prices in Canadian pharmacies are set or regulated by a certain body. Hence their drug prices will always remain lower than that of America.
Also, the regulatory body in Canada makes sure prices are never too high. There are many online Canadian pharmacies. A lot of people in Canada use these online pharmacies. The good thing about them is that they also abide by the price regulations that have been set. There is a certain organization that has conducted studies that have been able to clearly prove that purchasing drugs from online pharmacies in Canada is a very cheap and a good option. The only thing that you need to ensure is that you have selected one that is legal and licensed. You must look at the license that the pharmacies have if you want to know their legal status. in America there is a law that prohibits Medicare from interfering with the drug prices.
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