Many people would actually like to know if the drug prices in Canada are a lot cheaper than in the U.S. The fact of the matter is that the prices are a lot cheaper than in the U.S. for many different reasons. One thing that you should know is that the difference in price can really be substantial. For example, a medication that goes by the name of Diovan, which is used to treat high blood pressure can be as much as $73 in the U.S. In Canada, this same drug will only cost you $40. That is actually a big difference. One canadian pharmacy, canadadrugpharmacy.com, published a drug comparision survey that shows just how big a price difference there really is.
One of the main reasons that these prices are a lot cheaper in Canada is because the government actually puts a cap on the amount that drug companies can charge pharmacies, and other drug distributors. In total, this will end up reducing the cost wholesale for medication. This goes for most of the organizations that are in Canada by about 5%. There are also known facts that many Canadian pharmacy companies have way lower liability costs than the drug companies that are in the U.S.
There is also a drug formulary in certain parts of Canada which puts a restriction on the use of new and expensive medications. They are able to negotiate with these pharmacy companies if they want the prices lowered, and the U.S. doesn’t have this ability. That is one of the reasons why these prices of drugs are a lot lower. There are many online pharmacies that are stationed out of Canada that are online. That is one of the reasons why many people, no matter where they live, purchase these drugs online from Canada. They know that they can get them for much cheaper prices. There are so many advantages of buying drugs in Canada, and many people that live there have great benefits when it comes to buying their prescriptions.
Overall, it is true that drug prices are really cheaper in Canada than in the U.S.
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