New Study: Price Disparity Between Canadian Pharmacies and U.S. Pharmacies Is Increasing
A just-released study by the Fraser Institute confirms that brand-name drugs are much cheaper in Canada than the United States. It also shows the price difference has increased in recent years.
According to the study, after currency adjustments:
- In 2007, Canadians paid an average of 53 percent less than Americans for the 100 most common brand-name drugs
- In 2006, Canadians paid 51 percent less
- In 2003, Canadians paid 43 percent less
This increasing price disparity represents a great buying opportunity for U.S. prescription drug consumers who purchase medications from Canadian pharmacies.
What’s more, if you factor in the growing strength of the U.S. dollar compared to the Canadian dollar, the price difference is even greater. In many cases, you can save up to 80 percent by buying prescription drugs from Canada.
