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TheStreet Open House

Crippling Cost Of Pharmaceuticals In The USA At Global Highs And Still Rising

The cost of pharmaceutical drugs in the USA is already high - Americans pay over 50 percent more for drugs than patients elsewhere in the world - and costs are continuing to rise. However, now there are alternatives to purchasing expensive prescription drugs from local American pharmacies.

CINCINNATI, OH, July 9, 2013 /PRNewswire/ - Americans are already paying more for pharmaceutical drugs than patients anywhere else in the world, and these prices are only expected to rise. The average American will spend $1000 on prescription drugs each year; Americans suffering from chronic illnesses and Americans over the age of 65 will pay even more than this each year.

European patients pay far less for prescription medication. Eldepryl, a drug sometimes prescribed to patients with Parkinson's, costs $28 in Italy and $48 in Austria. American patients prescribed this same medication can expect to pay $240. A 2013 study found that Americans pay 54 percent more than Europeans for 25 of the most commonly prescribed medications.

These cripplingly high costs are only expected to increase, and they are increasing at a faster rate than any other medical expenses. This is partly due to the increased cost of medical technologies, the fact that there is no national health plan in the USA and that the USA lets pharmaceutical companies decide for themselves what they will charge.

It is the elderly and the chronically ill who suffer most from these prices, which is why many patients have begun to get their prescriptions from Canadian pharmacy websites such as CanadianPharmacyLink.com. CanadianPharmacyLink.com allows Americans to save up to 80 percent on the prescription medication that they require. Low costs, high quality and doctor-patient confidentiality ensure that all patients' needs are met without burning a hole in their wallet.

ABOUT CANADIAN PHARMACY LINK

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