Why and how Prescription drugs Price in Canada is Lower than the United States?
It is seen in a health survey conducted by Kaiser that more than 70% of Americans find the cost of prescribed drugs are way too high and are upset with the fact that the government is not taking any relevant measures against it. Because of which, it is difficult for almost 1 in every 4 individuals to afford their medication. These drugs are prescribed to treat various health conditions, such as diabetes, arthritis, and strokes. Looking at the seriousness of the illness these prescribed drugs should be available at a cheap price to all.
The price of prescription drugs in Canada, when compared to the prices in the United States, is tremendously high.
- Celebrex price in the U.S. A is $18, while in Canada it is $1.64 per dose
- Eliquis cost is $424.65 for 60 tablets in the U.S. and $150 in Canada.
- Januvia, a blood sugar medication, is of $435.14 for 30 tablets in the US and only $140 in Canada.
How the price of prescribed drugs vary drastically in Canada and the United States –
A huge difference in price is seen in Canadian Prescription drugs than the United States. Below are the numbers of reasons behind it:
- America: The population of the United States of America pays a particular amount as a premium to a private healthcare provider. The choice of opting for a healthcare provider depends on various factors like location, income earned, and type of coverage for an individual or employee and a definite premium amount you are looking for. In the case of elderly, people above the age of 65 years, physically disabled and retired individuals can insure under Medicare, which is a federal health insurance plan. Also, the amount of coverage depends on your income.
- Canada: On the other hand, Drug prices in Canada are cheaper as they are covered under the universal healthcare program. In the universal healthcare program, the government plays a major role. It works for its citizens to keep a check on the prices of drugs. So, if a manufacturer tries to increase the price of prescribed medicine, the Patented Medicine Prices Review Board (PMPRB) immediately disapproves the sale of that drug in Canada, until the price comes down. The board keeps a drug price check by comparing the prices with other countries.
- Canada: The government deals with the negotiation of drug prices in Canada directly with manufacturers. The manufacturers don’t have much control over drug prices they either will agree on government prices or will lose the entire market.
- America: Government has no role to play it’s just between the manufacturer and the insurance provider. The rates are decided by the hospitals, drug manufacturers and insurance providers.
How to save on prescription drugs, even while staying in the U.S.?
Well, it’s easy to benefit from the healthcare services provided by the Canadian government. Are you confused about how? It’s quite easy to order your medication online. While ordering just be sure you order from a trusted Online Canadian pharmacy. Online ordering can help you save around 80% of the drug price. In a report, it was said that most of the Americans already order prescribed drugs outside the United States. As a citizen of America, you can definitely save on the cost of drugs that can be bought online.