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. Drugs being sold in America cost more than the same drugs that are sold by Canadian pharmacies. This has caused so many people in the US to prefer Canadian pharmacies. It is true that some people take time and get drugs from Canada.
It is therefore very important to know the reasons why Canadian pharmacies have lower prices. Luckily, this article is going to expound more as to why the Canadian pharmacies have always had prices that are low. 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 is a very core reason for all of this. Also the American pharmacies are the ones that have a say in the amount of money that patients pay out of pocket. A dire situation that has arisen from this is that only very few people can adhere to the doctor’s prescription. This is what makes people always have recurring sicknesses. Only the drug prices in Canadian pharmacies are regulated. Hence their drug prices will always remain lower than that of America.
The other thing is that in Canada, the drug prices will never get too high because they are regulated by the regulatory body. There are many online Canadian pharmacies. The popularity of online pharmacies is very significant in Canada. The good thing about them is that they also abide by the price regulations that have been set. That is why many studies have shown that you will spend less money if you choose to buy drugs from a Canadian pharmacy. All you have to do is to make sure that you only go for the one that is not illegal. You must look at the license that the pharmacies have if you want to know their legal status. in America there is a law that prohibits Medicare from interfering with the drug prices.