Generally, prescription drugs are significantly cheaper in Canada than in the US. This price difference stems from several factors, including government price controls and bulk purchasing power. For example, a common brand-name medication costing $200 in the US might cost $100 or less in Canada.
Brand-Name Medications
Brand-name drugs consistently show greater price disparities. Savings can range from 25% to 75%, depending on the specific medication and pharmacy. Factors like the drug’s patent status and market competition also influence pricing.
Generic Medications
Generic medications typically have smaller price differences between the two countries. Although often cheaper in Canada, the savings are usually less pronounced than with brand-name drugs. You might still see a 10-20% difference, though this varies greatly.
Finding the Best Price
To find the best price, compare costs across multiple Canadian pharmacies using online comparison tools or directly contacting pharmacies. Remember to factor in shipping costs and any potential import regulations. Check if your insurance covers medication purchased internationally, as this can impact your overall cost.
