Everything You Need to Know About Drug Prices in Canada vs USA

drug prices in canada vs usa

Do you struggle with paying for your prescriptions? Do you ever skip doses or delay refills because you don’t have the money to buy your medications?

The March 2019 KFF Health Tracking Poll reports that 24% of people taking prescription medication have difficulty paying for them.

Among people 50 to 64 years old, 3 in 10 report trouble affording their drugs. This group, on average, takes more prescriptions than younger people. Yet, they are not old enough to receive Medicare drug benefits.

Many people are looking at drug prices in Canada vs USA. It is important to check the final cost of purchasing prescriptions from Canada. You must also look at the pros and cons involved in buying international drugs.

Why Is There a Difference in Drug Prices in Canada vs USA?

The U.S. allows market competition to control medication pricing. This has led to higher medication prices in the U.S. than in other countries. The government in many other countries directly or indirectly manages drug costs.

The U.S. competitive marketing system, allows pharmaceutical companies to make significant profits. Manufacturers counter this complaint stating a need for profits to incentivize high-risk research.

In order for a manufacturer to get a product to market, they must pass many layers of regulations. According to Occupational Medicine, only one in about 5,000 to 10,000 compounds makes it through the system and to the marketplace.

Recent estimates report a cost over a $19 million for clinical trials to get FDA approval. Pharmaceutical companies also highlight higher U.S. survival rates for diseases including cancer.

The above-inflation yearly increases in U.S. drug prices has widened the price-gap compared to other European countries. Many of these countries have capped drug costs or even forced the lowering of prices.

Between 2011 and 2015, Medicare recipients paid 62% more for brand-name drugs. The salary and pension income for those over the age of 65, however, did not meet this 62% rise. Thus, the steep rise in medication prices makes it very difficult for people to keep up.

Are Medications Cheaper in Canada?

PharmacyChecker reports that many brand-name prescription medicines are less expensive in Canada. Yet, the U.S. Generic medications are often cheaper in the U.S. than in Canada.

Research on 20 popular brand-name drugs found a possible average savings of 70% when purchased in Canada. Some examples of 90-day supplies in October 2018 include:

  • Premarin 0.625 mg costs $623.70 in U.S. vs. $76.61 in Canada
  • Januvia 100 mg costs $1,593.90 in the U.S. vs. $269.94 in Canada
  • Crestor 10 mg costs $969.30 in the U.S. vs. $204.02 in Canada
  • Advair Diskus 250/50 mcg costs $1,437.99 in the U.S. vs $383.74 in Canada
  • Nexium 40 mg costs $863.10 in the U.S. vs. $149.94 in Canada

Generic medications cost less in the U.S. than in Canada.

  • Atorvastatin 20 mg costs $37.36 in the U.S. vs. $83.74 in Canada
  • Sertraline 100 mg costs $45.60 in the U.S. vs. $93.74 in Canada
  • Celecoxib 200 mg costs $38.47 in the U.S. vs. $53.58 in Canada

When considering purchasing from a Canadian pharmacy, be sure to compare prices. Also make sure that you know the U.S. dollar price, not the Canadian dollar price.

Why Are Brand-Name Drugs Less Expensive in Canada?

The Federal Patented Medicine Prices Review Board (PMPRB) is an agency in Canada. This agency has the power to challenge any price of a patented drug in Canada. The PMPRB gets its power from the federal patent law.

There is no bargaining to reduce drug prices. This agency declares prices to be an illegal abuse of patient rights. It then caps the prices paid by private and public plans.

All Canadian Pharmacy Are Not Alike

Many people are starting to buy prescription drugs from Canada. You must be aware that not all “Canadian” companies are alike. The FDA warns that when buying prescriptions from outside the U.S. you may face risks.

Some counterfeit medications have surfaced. This means that the medication may not contain the ingredients on the label. It may also contain other ingredients.

The dosage may not be correctly measured. Some medications originate from other countries. These countries may not have strict regulations about the manufacturing process.

You may end up taking medications that do not help your conditions or even harms you.

How to Determine a Rogue vs. Legitimate Canadian Pharmacy

The FDA states that “rogue” pharmacy websites often prominently display the Canadian flag. In truth, this may be a criminal operation site from another part of the world.

So how do you make sure the pharmacy is legitimate? Here are tips to ensure your safety:

  • A valid prescription is required to place an order
  • A licensed Pharmacist is accessible for consult or questions
  • Make sure the physical address for the pharmacy is in Canada
  • Visit PharmacyChecker.com to find a list of verified online Canadian pharmacies

When you look at the website, legitimate pharmacies display logos for these verification sites. They want you to know you are safe with them. Go ahead and click on those logos to make sure they are real.

How Do You Order Medications from Canada?

You have three options for buying medications from Canada. There are secure processing systems to protect U.S. citizen’s financial and medical privacy.

You can refill your prescription by phone. You may choose to go online to complete your order. 

Are You Looking for Cheaper Alternatives to Buy Prescriptions?

Do you know that you can get the name-brand prescription medication for less money from Canada? The drug prices in Canada vs USA may vary by as much as 80%. We offer a flat shipping rate of $9.95.

Our pharmacy is PharmacyChecker.com verified. All prescriptions are dispensed by a licensed pharmacist. Your financial and medical information is protected to ensure your privacy.

All prescriptions filled adhere to the FDA regulations. We only fill a maximum of 90-day supplies. We do not dispense prescriptions for narcotics or controlled substances.

If you would like to learn more about how to order your prescriptions from a Canadian pharmacy, contact us today.

Florida to Allow Importing Canadian Pharmacy Medications as Cheaper Alternatives

canadian pharmacy

Has the price of prescription medication been costing you too much money? No matter what you do, you cannot escape exceeding the amount covered by your insurance.

Florida is now the latest state which is allowing imported medications from a Canadian pharmacy to help reduce your rising prescription costs.

This ongoing prescription medication cost issue is called the doughnut hole. It happens when Medicare Part D enrollees enter a coverage gap.

Their normal copayments for prescription medications go from 25% of the drug cost to a much larger percentage.

What does this new Florida legislation mean to you and your prescription medication costs?

Canada Pharmacy

Any Canada pharmacy can now send their drugs to a Floridian resident at a reduced cost.

The percentage of persons of all ages who were uninsured in 2018 is about 9.4% (30.4 million). That percentage does not include the elderly who have Medicare Part D.

Medicare Part D helps pay for the elderly population’s prescription costs. But Medicare Part D has doughnut hole gaps. These doughnut hole gaps cost the elderly more money for each prescription after they pass an artificial cost bar.

Floridians were eager to find answers to the rising costs of prescription medication. So the state legislature and Florida Governor Ron DeSantis pushed for those answers.

They understood this has been an ongoing issue in Florida for a long time. It looks like an answer has arrived. Floridians can now get their prescription medications from Canada pharmacies.

On June 11th Governor Ron DeSantis signed a bill which allows Floridians to import their prescription drugs from a Canada pharmacy. Floridians can do this whenever needed.

There are components of the bill which still need federal approval. But no one in the Florida legislature or the Governor expects any issues delaying the bill.

As a rule, it is illegal to get your prescription drugs from Canada by having them imported. It doesn’t matter where you live in the United States. But, federal officials, on the whole, don’t enforce the ban.

The US tends to understand Canadian drugs are much cheaper than the same drug here in the United States. They also understand the prescription needs of the elderly population or at-risk populations.

Canada’s lower prescription costs are due to limiting how much money pharmaceutical companies can charge.

Canadian Pharmacy Online

Cheaper Canadian prescription drugs have resulted in Canadian Pharmacy online services like ours to be your trusted source for safe and affordable medications.

Many Floridians now buy their prescription drugs through Canadian pharmacy online services. This helps them get major cost savings.

Ordering from a Canadian Pharmacy Online

Floridians do need to be aware of some general federal rules and regulations. Anytime they order drugs online through a Canadian pharmacy they need to understand;

  • The ordered prescription drug should be used to treat a serious condition.
  • The consumer has a legal and valid prescription for the drug.
  • The drug being imported is for the consumers use and no one else.
  • You cannot sell or promote the drug you receive to others in the United States.
  • There is no unreasonable risk to others posed when importing your drug to the United States.
  • You can never import more than a three-month supply of most medications imported.
  • The needs to be a name and address of your medical provider on an online ordering form.

Canadian Pharmacy

There are some Canadian pharmacies more reputable than others. It is important to read some of the reviews of various Canadian pharmacies before ordering from them.

We have done some research for you and listed some of our Canadian pharmacy research results on our blog. There are many different variables about what makes a reputable Canadian pharmacy and what doesn’t.

Be wary of Canadian Medication Storefronts

In Florida, there is a new outreach offering to prescription users. They are called Canadian Medication Storefronts. These storefronts are marketed as an alternative for you so you can access cheaper prescription medication from Canada.

But many of them are not what they seem. We are listing some important things to look for the next time you consider a storefront operation.

This is vital information as not all Canadian storefronts provide safe medication. Here are some things to look for when you order your prescription medication from an online storefront Canadian Pharmacy;

  • In Florida, the storefronts are now found in retirement areas. The storefronts advertise as being able to help you buy from a Canadian pharmacy.
    • In essence, they have marketed themselves as a resource for those who cannot afford to pay US cost rates for their prescriptions.
  • Most of these Canadian pharmacy storefronts state they save consumers 60-70% off their US drug prescription cost.
  • Storefront owners in Florida say they only use Canadian pharmacies certified by government agencies.
    • Or at the very least certified by a Canadian oversight nonprofit association.
  • Storefronts for Canadian pharmacies only help consumers order chronic condition medications. The chronic condition medication must meet general federal regulations.
    • However, the FDA states some storefront pharmacies carry unsafe and risky products. Their prescription products were poorly manufactured, can be outdated or improperly stored.

Canadian Pharmacy Purchasing Statistics

If you are part of the over 5 million people who buy drugs from foreign pharmacies there is a way to purchase safe prescriptions.

There is a projected 49.5% growth anticipated U.S. senior population by 2030. Of those senior population numbers, about half will be seeking solutions for out-of-pocket prescription drug costs with you.

Many will turn to a Canadian pharmacy for help in keeping their prescription costs at a reasonable level. The rate of the populations will increase to a higher percentage level if the US doesn’t come up with some workable solutions.

Florida has already figured out the ongoing prescription cost dilemmas. We are there for Florida state senior citizens and their population at large in prescription needs.

Contact Us Now

We are also there for any other state residents in need of obtaining legal prescription medication at lower costs.

We are the best Canadian pharmacy. We comply with all regulations and we only offer the safest and most reasonable brand and generic drug choices. We care about our customers and offer verified testimonials on our website.

Don’t wait one more day to order your prescription drug from a verified and trusted Canadian pharmacy. You should never have to choose between which health concern or medication is most important to pay.

Every prescribed medication you have is important to your health. Let us help you obtain what you need so you can enjoy the quality of your life without having to sacrifice a thing.

Play It Safe: 8 Tips for Finding a Reliable Online Canadian Pharmacy

Every year, approximately 45 million Americans forego filling their prescriptions because the cost of medication is too high.

Does this sound familiar to you? If you’re having a hard time paying for your medication, there are other options for you to try.

One of the best options is to work with an online Canadian pharmacy. This allows you to get medications at a lower price and in a more convenient way.

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