Why prescription medications are comparatively cheap in a Canadian Pharmacy?
The increase in pricing of medications has led people to ignore their health conditions because they are not able to afford the drugs. It is believed that prescription medications are comparatively cheap in Canadian pharmacies than at any other place. There can be many reasons to this. Also, the government in Canada has strict control over regulating the drug prices.Canadian government has price control rules
Yes, what you have heard is absolutely right. The government in Canada has set up the Patented Medical Price Review Board (PMPRB) in order to ensure that the prices of the pharmaceuticals do not get excessively high. In addition to this, they also have a law which states that the price of a medication, the first of its kind should not exceed the median price across the world. An example for this is the cancer medicine known as Campath which is sold for $600 to $700 in various countries such as Sweden, Britain, and France. And no wonder, this drugís price in US is unimaginably high. Guess what? A whopping $2400! This fact might be difficult to swallow. Well, not literally as the drug is injected intravenously, yet you understand the high price of the drug at which it is sold.
The US however is the only industrialized country that does not have any control over prices for medicines that are being sold. Some people proclaim that the control on the prices limit the abilities of the drug companies to innovate and thereby force consumers to opt from a limited supply of drugs. In fact, Pfizer said in the year 2008 that setting price control over medications could actually reduce the life spans. And also not everyone in Canada would agree that they were written the prescription drug process.Price control on medications in Canada helps American patients
Many drugs sold in US can be availed for a less price through Canadian channels. Then you might ask why we are not running across the border to get the meds you need. Well, you need to understand legal process is associated in procuring medications from other part of the world whether ordering drugs online or procuring them in person. Getting them from Canada can put one in all sorts of risks. The FDA however has it made it possible for US people to import drugs from Canada without being prosecuted.
The price of generic drugs in Canada is not subject to market forces which in turn add to the fact of low cost selling price of prescription medications in Canada.