Big businesses have to promote themselves, which usually tends to spell disaster for the average person. A classic case of this is the $216 billion US pharma industry, colloquially known as Big Pharma. Part of the reason, why they are called Big Pharma is because they cannot seem to get big enough! In 1990 the total industry was worth $42 billion. The seven-fold increase within 20 years is absolutely astonishing. However, the US pharma industry is still not satisfied and have their targets set on even higher profits. This is the reason due to which many Americans purchase their medicines from Canadian pharmacies. Every Canadian pharmacy offers drugs at 50% discount rates when compared to US drugstores.
Why Does a Canadian Pharmacy Differ from Big Pharma?
The following are the several reasons due to which every Canadian pharmacy differs from Big Pharma:
Patents: Patents ensure that a particular drug manufacturer does not face any competition. In the absence of competition they can price their drugs according to their whim. This is exactly what happens in the US. However, a Canadian pharmacy operates under different regulations. Health Canada has explicit regulations which state that the prices of patented medications cannot rise above the CPI (Consumer Price Index) inflation. This is unlike the US pharmacies where, according to the 2010 reports of the American Association for Retied Personnel (AARP), the prices of patented rose 12% as against a 3% rise in the CPI.
Fake Medications: RX Rights is a leading consumer activist group which keeps track of all matters related to rising costs of prescription drugs in the US. According to their bloggers (which include well renowned journalists), the fake medication scam in Canada is perpetrated by Big Pharma itself. An average customer gets scared of highly prevalent fakes and gives in to the patent system. Pharma companies charge you astronomically high prices and appear to offer you safety in return.
However, Big Pharma's ambitious plan is less likely to work out. There are rating agencies which have been set up to verify every genuine Canadian pharmacy. If the customers can differentiate between a genuine Canadian pharmacy and its fake counterpart, there is no ambiguity and hence no fear!
Legal Enforcements: Knowing that it is tough for Big Pharma to compete with any Canadian pharmacy in terms of price, the profiteers resorted to legalities. Importation of drugs from Canada was made illegal. However, this did not last too long either. State governments set up programs to help retirees and pensioners acquire drugs from Canadian drugstores. The result was a reported 20 million packages passing the US border annually. The US customs was shocked at the huge demand for Canadian drugs and the law was eventually repealed. Presently, it is legal to import 90-days personal supplies from a Canadian pharmacy. Congressman Ron Paul is introducing a legislation to make things better for the American buyer purchasing from pharmacies in Canada.
Despite all the setbacks, Canadian pharmacies have survived and are serving the American population by providing them with low-cost drugs.
Why Does a Canadian Pharmacy Differ from Big Pharma?
The following are the several reasons due to which every Canadian pharmacy differs from Big Pharma:
Patents: Patents ensure that a particular drug manufacturer does not face any competition. In the absence of competition they can price their drugs according to their whim. This is exactly what happens in the US. However, a Canadian pharmacy operates under different regulations. Health Canada has explicit regulations which state that the prices of patented medications cannot rise above the CPI (Consumer Price Index) inflation. This is unlike the US pharmacies where, according to the 2010 reports of the American Association for Retied Personnel (AARP), the prices of patented rose 12% as against a 3% rise in the CPI.
Fake Medications: RX Rights is a leading consumer activist group which keeps track of all matters related to rising costs of prescription drugs in the US. According to their bloggers (which include well renowned journalists), the fake medication scam in Canada is perpetrated by Big Pharma itself. An average customer gets scared of highly prevalent fakes and gives in to the patent system. Pharma companies charge you astronomically high prices and appear to offer you safety in return.
However, Big Pharma's ambitious plan is less likely to work out. There are rating agencies which have been set up to verify every genuine Canadian pharmacy. If the customers can differentiate between a genuine Canadian pharmacy and its fake counterpart, there is no ambiguity and hence no fear!
Legal Enforcements: Knowing that it is tough for Big Pharma to compete with any Canadian pharmacy in terms of price, the profiteers resorted to legalities. Importation of drugs from Canada was made illegal. However, this did not last too long either. State governments set up programs to help retirees and pensioners acquire drugs from Canadian drugstores. The result was a reported 20 million packages passing the US border annually. The US customs was shocked at the huge demand for Canadian drugs and the law was eventually repealed. Presently, it is legal to import 90-days personal supplies from a Canadian pharmacy. Congressman Ron Paul is introducing a legislation to make things better for the American buyer purchasing from pharmacies in Canada.
Despite all the setbacks, Canadian pharmacies have survived and are serving the American population by providing them with low-cost drugs.