Saving money by purchasing your medication online

Americans are trying a variety of strategies in order to pay less for the medications they need.  Many consumers are switching to generic instead of brand name drugs, but this is not always possible since many of the most effective and newest drugs will not have generic equivalents for years to come.  Even generic drugs can sometimes be unaffordable, particularly for Americans who lack any insurance coverage for their prescriptions.

One powerful money-saving solution is to purchase medication over the Internet.  The online world knows no international boundaries, which makes it simple for US residents to acquire Canada drugs.  Since prescription drug prices in Canada are markedly lower, this strategy can result in significant cost savings.  For example, a recent survey has determined that the high blood pressure medication Diovan is 45% cheaper when purchased from an online Canada pharmacy.  Flomax, a medication used by individuals with an enlarged prostate, was fully 65% cheaper, costing only $38 for a 30-day supply instead of the US price of $110 for the same product.

How can medication be cheaper in Canada?

When first presented with Canadian price levels, many Americans find them hard to believe, especially when they realize that the drugs in question are not off-brands or counterfeit in some way, but are instead 100% authentic in every respect.  Prescription medications are less expensive in Canada for several reasons.  First and foremost, the Canadian government does not allow drug companies to charge “all the traffic can bear,” which is a dominant pricing approach in the United States.  Instead, the government caps the prices that pharmacies must pay to obtain medications.  This lower wholesale cost of prescription drugs can then be passed on to the patient.

In addition, provincial governments in Canada conduct direct negotiations with drug makers to encourage them to price their newer, more expensive medications at a reasonable level.  The drug companies have an incentive to comply since the province has the power to restrict a drug’s use in the nationalized health care system Canada has in place.  The United States has no comparable system, which means that drug companies have little incentive to lower their prices.

Another important difference between the United States and Canada concerns liability.  Canadian pharmacies do not have to “price in” the probable cost of eventual lawsuits to the same degree as drug providers in the US.  In Canada, lawsuits are much less common and when they do occur, the damages awarded tend to be much less extensive.

These factors combine to mean that the same drug from the same manufacturer can be sold at a markedly lower price in Canada – a fact that more Americans are beginning to take advantage of via online pharmacies.

Deal only with reputable pharmacies

Unfortunately, the Internet is also a place where scam artists can thrive.  Medication purchasers should therefore make sure that they are dealing with a legitimate pharmacy that is selling the authentic product.  Cases of counterfeit drugs purchased online are relatively rare, but no patient in need wants to be taken in by a disreputable provider.

The next time you need to fill a prescription, look online to see how a Canadian pharmacy can help you purchase your medication at a more reasonable rate.

7 Responses to Saving money by purchasing your medication online
  1. Zach Richard
    June 5, 2012 | 9:31 am

    Another great post. I’ve been following you ever since I graduated from Oberlin College about a year ago. I managed to acquire about 75K in student loans and ran across your site when I was researching advice on how to manage. I’ve given put together a patchwork plan based on several bloggers advice, and my own common sense and am currently looking at only 8 years until I’ll have the debt settled. Pretty manageable I think. I look forward to more posts like this in the future!

  2. Marie Lewis
    July 19, 2012 | 8:17 am

    This is altogether a nice concept. It’s a wonderful idea to buy medicine or any other necessary belongings online rather than buying them from a store. because my personal experience says that online shopping is much more beneficial than on the spot shopping. All the detailed tips that you have given me are extremely useful, hence going to help me out in the long run.
    Andrea Jones

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  4. Jennifer
    August 14, 2012 | 7:03 am

    Brilliant tips to look forward. From now on I will definitely try for this process while buying my migraine medicines. Thanks a lot for sharing.
    Jennifer Goldblum

  5. KYD
    August 17, 2012 | 1:15 am

    One of the greatest tips I have read so far…I guess now a days most of the people do online purchasing rather than pulling and pushing amidst shopping malls and medical stores as well waiting for hours. I am one of them as well.

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