Why Are Canadian Drugs Cheaper
Price controls put in place by the Canadian government are the reason Canadian drugs are cheaper, while in the US these same controls to cap Rx drug prices are not used the same way. The lower costs for prescription medication here have other factors behind them and adding to why are Canadian drugs cheaper. Another contributor is that here are fewer middlemen in the pharma industry in, and the mass of them in the USA adds to why drugs cost so much at a US pharmacy. The next factor is legal protection for the pharma manufacturers, plus most manufacturers spending six figures+ on direct-to-consumer advertising every year.
Price discrimination plays a role in Rx drug prices in America too, and it’s also a part of why are Canadian drugs cheaper. Pharmaceutical manufacturers are free to sell their Rx products to pharma wholesalers at different prices. This can vary, and many times it’s based on what they anticipate customers in an area being able to pay for medications. There’s more to it than that, but free market capitalism is king in America. It’s slightly less so in Canada, and there’s a more socialist approach to healthcare.
The takeaway for US residents that can’t afford prescription drugs should be that the best way to address the problem of why are Canadian drugs cheaper is ordering medication online from Canada. Waiting for medication to become less expensive isn’t realistic, although there was recent news of President Biden signing an executive order to expedite lower prices on prescription drugs. That may mean better access to cheap Canadian drugs online.
Something most people would never assume is how the different standard of living levels between the 2 countries is a factor too. It doesn’t factor in as much to why are Canadian drugs cheaper, but some folks won’t even be able to grasp how it contributes to this at all. The higher median incomes Americans have leads big pharma to think that they are less sensitive to higher drug prices as a result of their average income levels. That may or may not be true, but there’s plenty of content about why are prescription drugs so much cheaper in Canada out there and you’ll likely see this referenced in it.
Concerned individuals should order generic medication online from Canada, and the way generics work is also a part of why drugs are more expensive in America. 5 years is the period of time pharma manufacturers are legally able to retain patents on new Rx medications. Only when that patent expires does a generic equivalent go onto the market to aid Americans in paying less for prescription medication.
IMPORTANT NOTE: The above information is intended to increase awareness of health information and does not suggest treatment or diagnosis. This information is not a substitute for individual medical attention and should not be construed to indicate that use of the drug is safe, appropriate, or effective for you. See your health care professional for medical advice and treatment.