Why Every Canadian Pharmacy Offers Cheap Drugs

Why Every Canadian Pharmacy Offers Cheap Drugs

Patents were meant to protect the innovators from being cheated. However, it is working quite the reverse in the US. Pharma companies are leaving no stone unturned to burn a hole in the consumer's wallet and patents seem to be their favorite tool. In Canada there is a restriction that the prices of patented medicines cannot go above the CPI (Consumer Price Index) inflation rate. Therefore, buying from a Canadian pharmacy proves very cost-effective. Buying Patented Medicines at a Canadian Pharmacy The aforementioned law seems quite logical. Innovators must get the legitimate fruit of their hardwork. They have 20 years (Period before the patent expires) to recover their R&D costs. Therefore, they do not necessarily have to charge astronomical sums. In the US, pharmaceuticals are getting involved in sheer profiteering. For an average American, the option of buying medicines is almost cut off by patents. The prices of medicines in 2010 rose by close to 12% when CPI rose by just 3%. That is a fourfold price rise as compared to the same in Canada. A Canadian pharmacy, on the other hand, does not operate on profiteering motive. In Canada, drug prices are regulated by the government. There is a regulatory body called Patented Medicine Prices Review Board (PMPRB) which monitors the prices and imposes heavy fines on pharmaceuticals for not adhering to the law. So, the same drug makers, who are ripping off customers in the US, sell their products through a Canadian pharmacy at 50% discounted rate. So, is there any reason for not buying medicines from Canadian drugstores and save money? Congressman Ron Paul is trying to get a legislation passed that will break the average consumer from the shackles of the Big Pharma and make importation of medications from a Canadian pharmacy simpler and safer. Buying Generic Medicines at a Canadian Pharmacy Prices of branded medicines and generics are interrelated. As a thumb rule, any generic will cost close to 33% of the branded drugs. Hence, when Health Canada regulates the prices of branded medications being sold at a Canadian pharmacy, it automatically makes the generics cheaper. To get the price differentials, you have to simply log on to any price comparison website and type in a generic name. Canadian regulations are made after taking into account that healthcare is a basic need and that leaving customers at the whims of unregulated corporations can be dangerous. It is for this reason that every Canadian pharmacy has to sell medication at the prices prescribed by the government. It is imply illegal. Furthermore, the government acts as a sole buyer and has sufficient influence to make or mar the fortunes of any drug company in Canada. Therefore, buying all your medications from an authorized pharmacy in Canada is your best bet. It does not matter whether the drugs are patented or generic, they will be cheaper in Canada!

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