subject: Why Canada Drugs Are Low-Priced? [print this page] Why Canada Drugs Are Low-Priced? Why Canada Drugs Are Low-Priced?
According to a poll conducted by the Wall Street Journal in 2006, 80% of the Americans are in favor of buying imported prescription drugs. It has become a national issue debated and contested by bureaucrats and politicians on both sides. For instance in 2004, the Canadian Health Minister had said, "It is difficult to conceive a country such as Canada which is one tenth the size of US could meet prescription drug needs of America's 280 million citizens". However, if you analyze the matter, there are just two things that drive the multi-million dollar Canada drugs business: cost and safety. Understanding Why Canada Drugs Cost Less Whether the price differentiation between Canada and US prescribed drugs will prevail is a highly debated topic. The following are the reasons due to which most believe that price differences will continue:
The US is the only market in the world which pays for innovations in pharmaceuticals. All other markets are content with the generic versions of medicines manufactured in the US.
A bestselling book, The $800 Million Dollar Pill, mentions that it costs $800 million to develop every drug.
To cover these costs the US companies will continue to charge higher prices.
Canadian companies which reverse engineer these drugs to create cheaper generic versions have no reason to raise costs.
Even for branded prescription drugs, the government has prescribed ceilings ensuring that Canada drugs will remain cheap.
In 2004, the American Association for Retired Personnel (AARP) conducted a small study. They made a list of 20 most commonly prescribed drugs in the US. They compared the prices of drugs in the US to those in Canada. The results proved that Canada drugs were cheaper by approximately 36-53 percent. No wonder cash-strapped American consumers as well as the state governments are making a beeline to buy Canada drugs. By buying Canada drugs, an average family can save up to $1600 annually! Manufacturers of Canada Drugs Have a Generic Hot List Similar to the AARP list, it is said that the Canadian pharmacies have developed their own list. Canadian pharmacies have developed generic medicines which can fulfill almost all the requirements of an American prescription drug buyer.
The Canadian regulatory board has made strict provisions to ensure that high quality of their generic drugs
Their guidelines are almost a replica of the FDA guidelines. Therefore, the quality of drugs in the US and Canada are almost the same.
The Canadian companies have bettered their client service to meet the customers' demand for faster shipping and access to professionals.
