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. The difference between prescription drug prices is clearly seen when it comes to the case of Canada and America. if you compare Canadian pharmacies and American ones, it is the American pharmacies that charge a lot more. 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.
Because of that, knowing the cause of the low prices in Canadian pharmacies and not in American ones is very important. The good thing is that this topic is going to be looked at in more detail in this article. The first reason is that there is no regulatory body that has been established in the US to regulate the prices of prescription drugs. This means that American drug manufacturers charge any prices that they see fit for the drugs that they make.
If there was a regulatory body they would have stopped them from charging such high prices. Many people agree that the lack of a regulatory body is the chief cause of the problems. The people who are in charge of setting the out-of-pocket money that a patient can pay are the American pharmacies. 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. For the Canadian pharmacies, there is some regulation to it. Hence their drug prices will always remain lower than that of America.
The other thing is that in Canada, the drug prices will never get too high because they are regulated by the regulatory body. On the internet, you will find so many pharmacies that are Canadian. The popularity of online pharmacies is very significant in Canada. 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. Medicare in America is unable to make its voice known when it comes to the drug prices being set because of an existing law that prohibits from doing so.
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