Most countries around the world charge different prices for prescription drugs. If you do your research well you will realize that for specific countries, the price of drugs is almost the same. The disparities in the prices of drugs are clearer when you compare America and Canada. In America the price of prescription drugs is significantly higher than that of Canada. The general public in America believes that American pharmacies should imitate Canadian pharmacies. Also some Americans have been known to sneak in prescription drugs from Canadian pharmacies.
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. That is why you will see that it is the American drug manufacturers that set these prices for all the American pharmacies to use.
If there was a regulatory body they would have stopped them from charging such high prices. This can be looked at as a very big factor that is responsible for these differences. The people who are in charge of setting the out-of-pocket money that a patient can pay are the American pharmacies. A very bad consequence of this situation is that a high number of people cannot be able to follow the prescription given to them. Because of this, so many people remain being sick. For the Canadian pharmacies, there is some regulation to it. That is why they cheap drug prices which are very low.
Another thing to note is that Canada’s regulatory body has a role in making sure that drug prices remain at a level that is affordable for all people. The number of online Canadian pharmacies is very high. The number of people that use online pharmacies in Canada is very high. One of the things that make all the online Canadian pharmacies very good and attractive is that they all adhere to the set prices for the drugs that they sell. According to studies done by Pharmapassport.com, buying drugs from online Canadian pharmacies is cheaper. 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.