Archive for the ‘Prescription Drug Savings’ Category

How Pharmaceutical Companies Feed Your Doctor $$$

Posted by on February 11th, 2015

Is your doctor the one listed in the government’s Open Payments Data system as have received over $1,000,000 in just 2013 to help promote and sell their products?

The advancements made in medicine have lead to longer lives, the eradication of several diseases and the management of formerly terminal conditions. We have a lot to be thankful for. But that’s not to say that the “system” isn’t without its problems. Lets take a look at how the pharmaceutical companies market all these products competing for their share of your wallets and your health.

Below is a youtube video that is wildly entertaining and yet also jam pact with raw data and facts regarding how the pharmaceutical companies manipulate doctors and sell directly to you through your televisions. One of the best links highlighted in the video is to a website launched by the U.S. Government (good on them – seriously!) that allows you to search for your doctor and see what sales and marketing incentives they have received from pharmaceutical companies.

How does your doctor fare?  https://openpaymentsdata.cms.gov/


The average cost of drugs in 2012? Higher as usual!

Posted by on February 22nd, 2013

rxrightsThe annual report from The Bureau of Economic Analysis on the cost of major consumer spending categories for 2012 came out this week and it’s not surprising to see that once again the cost of prescription medication was higher in 2012. In 2012 prescription drug prices rose 3.6 percent, twice the 1.7 percent inflation rate, and while almost all other categories of health spending was lower in 2012, drugs remained the one higher category.

We hear firsthand from our customers everyday how high the cost of some of their drugs have risen over the past few years. U.S brand drugs costs were the major driver of prices increases again whereas generic drugs were markedly lower across the board. Many top selling drugs like Lipitor and Plavix have gone generic recently, making them a lot more affordable. However leading brand medications saw very high increases because drug companies try to draw as much profit out of them from consumers and insurance companies before their patent expires.

Nexium, a heartburn drug, had a 7.8% price hike to a $262 average prescription in the first nine months of 2012 across the U.S. Abilify, for bipolar disorder, increased 10.4% to $642 per prescription and Crestor, a cholesterol-lowering drug, went up 9.7% to $193 per prescription. Those are just a small sample of some of the top selling brand name drugs in the U.S that saw high jumps in prices.

At Canada Drugs we still offer all the leading brand name drugs, but because they’re from Canada and the United Kingdom, they are often up to 50% of the cost of the U.S. brand version. When you’re taking a drug like Abilfy which saw such a high price bump, ordering from an online Canadian pharmacy like Canada Drugs can add up to thousands of dollars of savings over the course of the year.

Our friends at RxRights.org, a group dedicated to fighting for the rights of U.S. citizens to have access to lower cost medication, released a statement in conjunction with the Bureau of Economic Analysis report from their president Lee Graczyk.

“Bureau of Economic Analysis data has confirmed the anecdotal evidence we’ve been hearing from consumers across the country: prescription drug costs continue to rise. The price of medicine went up twice the rate of inflation in 2012, even as other health care costs remained flat or decreased.“For years, Americans have been expected to quietly sit back while the price of their needed medications steadily rises. But consumers simply cannot continue to absorb these price hikes. It is unacceptable for the cost of one drug to jump 10 percent in a given year.

“Americans are already struggling in this weak economy. Many, especially seniors with fixed incomes, have to make impossible choices, like whether to buy groceries for the week or medicine. Record numbers of Americans are not filling prescriptions or are skimping on their recommended doses due to cost.

“Consumers need swift relief from exorbitant prescription drug prices. But drug pricing policy changes that enable all Americans to afford their medications are unlikely to occur anytime soon. In the meantime, thankfully, there is an affordable alternative: importation from safe, legitimate Canadian and other international online pharmacies. More than a million Americans depend on this virtual lifeline each year, saving from 50-80 percent on their medications.

“I encourage consumers affected by exorbitant drug prices to visit our website to learn more about finding a legitimate online pharmacy and protecting their ability to access safe, affordable medications.”

Write to your elected officials and let them know how the rising costs of drugs affects your budget and your health. Let them know that Canada Drugs and other safe Canadian pharmacies are an important way to battle greedy U.S. drug inflation.


The Cost for Brand Name Drugs Has Skyrocketed in the U.S.

Posted by on December 14th, 2012

iStock_000009645608XSmallIn 2012 prices for the most popular brand-name prescription drugs surged once again. This continues a long-term trend that has seen the price that Americans pay for leading brand name drugs outpace the rate of inflation every single year for the past decade.

In 2012, the most highly prescribed brand name drugs saw their average price increased by 13.3% overall. This report was done by Express Scripts and used information from a random sample of over six million Americans to compile its price figures.

The only bright spot for Americans that are struggling with record high drug costs is that overall in 2012, spending on all drugs only rose by 3.5%. The reason for this is that many leading brand name drugs, such as Lipitor, went generic in 2012. Overall, spending on generic medication as a category was 22% lower in 2012 than a year earlier.

Generics often offer the best possible value. Whenever a lower-cost generic is available from Canada, the United Kingdom, Australia or New Zealand, we here at CanadaDrugs.com offer it as a lower priced alternative to our patients. The price of brand name medication from CanadaDrugs.com also represents significant savings on drugs that have no generic equivalent available.

Almost 25% of drug spending in the U.S. in 2012 was spent was on drugs for mental and neurological disorders just as depression or Alzheimer’s. This category has seen the largest jump in use over the past decade, surpassing what is spent on drugs to combat various forms of diabetes and heart disease, the former leading category of medication spending. The reason for this is mostly because generic versions for many leading drugs to tackle depression or other mental disorders have not yet been released in generic versions, whereas many of the most prescribed drugs for heart disease have been released from patent protection and are now available in lower cost generic versions.

If brand name drug costs continue to grow as 13% a year, and Americans struggling with their cost are not allowed to look to safe, lower-cost international mail order pharmacies, more and more people will be pushed over the edge and will be unable to afford the medication they need.


Brand Drug Prices are Double for Americans

Posted by on December 4th, 2012

Business Insider Magazine published two charts this week that clearly show why the cost of healthcare in the U.S. is among the highest in the world on a per capita basis.


This first chart shows that the U.S. dedicates more money per capita than pretty much any country in the world on total healthcare costs. With the ongoing debate in Washington on the “fiscal cliff,” a lot of demands are going to be made on reducing the money spent on healthcare to help tame the growing budget deficit, but this next chart shows that the difference in drug costs between the U.S. and the rest of the world is one of the main reasons healthcare costs are so high for Americans.

The cost of brand name medications in the U.S. is double what people pay for the exact same drugs in Canada or Europe. This price discrepancy is why CanadaDrugs.com and other safe, legitimate online Canadian pharmacies are so important to those struggling with high costs. When the cost for the exact same drug is twice as much for an American senior, as it is for a senior in Canada or the UK, you see why having access to Canadian or British medication can save you so much on your drug bill.

This chart is an excellent way to visualize why your bill with CanadaDrugs.com is so much cheaper than it would be if you ordered from a local pharmacy. And it’s also part of the reason why that first chart shows how much money per person is spent on healthcare for Americans, but without the results you would expect with such spending in terms of outcomes.


Now is the time to prepare for Medicare open enrollment season

Posted by on October 5th, 2012

Medicare’s open enrollment comes early this year, Oct. 15, and lasts longer, until Dec. 7, but it’s best to start thinking and planning your Medicare strategy as soon as possible to make sure you find the best plan that fits your needs. Unlike the past several years, there are relatively few changes to Medicare rules for 2013. But because your individual plan or your circumstances might be changing, you should still take a close look at your coverage options during the enrollment period.

Fox Business News published a good general overview of some of the small changes that are coming this year to the Medicare system.

In terms of Medicare Part D and prescription drug coverage, we encourage you to give CanadaDrugs.com a call and ask to speak to someone on our Medicare Team. We’ve got trained Patient Service Representatives that are here to work through your drug bills, and find the best way to maximize your savings. In the past, we’ve seen that smart purchasing direct from CanadaDrugs.com, combined with enrollment in a Medicare Plan can add up to maximized savings.

Seven of the top 10 Medicare-D plans will have double-digit percentage increases next year, according to Avalere Health, a healthcare consulting and research company. This increase in premiums will drive up drug spending for seniors. With the rising cost of enrollment plans, it’s important to find one that works best for you. A low premium may not be the best deal if the plan doesn’t cover your particular drugs, or if the co-pays are higher. Every plan is different, so this is the time to shop around, and CanadaDrugs.com is here to help you maximize your savings in 2013.

The Affordable Care Act is gradually closing the prescription drug “donut hole” – the nearly $4,000 gap where seniors have to cover 100 percent of their costs. In 2013, the gap starts when spending hits $2,970 and then coverage resumes when it reaches the “catastrophic” level of $6,733. CanadaDrugs.com direct cash savings are a real help when your trapped in that doughnut hole and don’t expect to reach the “catastrophic” level.

Shop around during enrollment season and find out which plan balances cost, coverage and flexibility for your prescription drug needs.