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Reason why Canadian Pharmacies Have Lower Prices than American Pharmacies

Most countries around the world charge different prices for prescription drugs. However, you will get that some countries have drug prices that are very close together. The difference between prescription drug prices is clearly seen when it comes to the case of Canada and America. Drugs being sold in America cost more than the same drugs that are sold by Canadian pharmacies. The general public in America believes that American pharmacies should imitate Canadian pharmacies. Also some Americans have been known to sneak in prescription drugs from Canadian pharmacies.

It is therefore very important to know the reasons why Canadian pharmacies have lower prices. In this article we are going to have a deeper look as to why the Canadian pharmacies charge lower prices than American pharmacies. To start with, in America there is no regulatory body that is in charge of regulating drug prices in the industry. Because of this, the drug prices that are currently prevailing in the US market were set by the American drug manufacturers.

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 very bad consequence of this situation is that a high number of people cannot be able to follow the prescription given to them. This leaves many people sick. Luckily the drug prices in Canadian pharmacies are set or regulated by a certain body. That is why they cheap drug prices which are very low.

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. A lot of people in Canada use these online pharmacies. All the online Canadian pharmacies make sure to set their prices as stated by the regulatory body of drug prices. That is why many studies have shown that you will spend less money if you choose to buy drugs from a Canadian pharmacy. You will however need to ensure that you buy from a legitimate online Canadian pharmacy. To get to know this you will have to check the license that they have. in America there is a law that prohibits Medicare from interfering with the drug prices.