Regulations Governing Every Canada Pharmacy

Regulations Governing Every Canada Pharmacy

If you look at the rising prices of American drugs, it seems as if the country has been taken over by corporate interests. Something as basic as healthcare which every American ought to have a right to is slowly going out of reach. An AARP (American Association for Retired Personnel) report released in 2010 suggests that patented drug prices have risen between 100 and 1000% in the past 10 years. Patients may not have been aware of this statistic, but they have felt the pinch in their medical bills. This is the sole reason behind the popularity of Canada pharmacies. Every Canadian pharmacy is able to cut at least 50% of the medical bills of an average American consumer. When asked for the reason behind this, experts use one word - "regulation". However, one problem persists - people do not understand exactly how Canada ensures lower prices, when healthcare costs are touching the roof in the US. So, this article will explore the regulations which ensure that every Canada pharmacy is able to provide the combined benefit of savings and good health. Canada Pharmacy: The Most Important Regulations A simple look at the laws should tell you the reason due to which every Canada pharmacy seems to be favored by most drug consumers. Some of these laws have been listed below:

The cost of patented Canadian medicines must never be the highest in the world, whereas, the US has the highest price tags for patented medicines.

The price of any Canadian patented drug, sold by a Canada pharmacy, cannot rise over and above the Consumer Price Index (CPI). As opposed to this, in the US it is a common practice to raise prices by multiples of the inflation rate. When the CPI grew 3.6%, American drug prices grew by nearly 12%.

Any new patented drug faces price controls to ensure that the total cost of therapy with the new drug remains within same range as the old drug.

Unlike laws that govern every Canada pharmacy, there are no government regulations monitoring the manufacture and distribution of drugs in the US. Afinitor, a cancer related drug, was launched at a price of close to $8000 for a 30-day supply! This same medication sells at a Canada pharmacy for $4500. Since the cost structure for drugs in the US is not in the favor of the average citizen, it is plausible for American consumers to buy from a Canada pharmacy. This can save them about 50% of the costs, without any compromise on quality.

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