It is a ridiculous situation, but the only way many Americans can get affordable prices on brand-name American drugs is to buy them outside the country. This cuts about 75% off the cost.
White Plains, NY (PRWEB) November 11, 2013
Americans can find average savings of 75% on brand name medications made domestically but purchased from verified international online pharmacies rather than local U.S. pharmacies, according to a new analysis from PharmacyChecker.com. The savings, found from a basket of 15 popular brand name medications, ranged from 86% (Cymbalta) to 61% (Urocit-K). Three of the drugs – Singulair, Pulmicort, and Urocit-K – are available as generics in the U.S., but their brand name prices abroad are still lower than the generic prices in the U.S.
The data was collected over fifteen weeks and published as a weekly series entitled American Made; Cheaper Abroad and can be found on PharmacyChecker’s blog.
Tod Cooperman, MD, president of PharmacyChecker.com, said, “It is a ridiculous situation, but the only way many Americans can get affordable prices on brand-name American drugs is to buy them outside the country. This cuts about 75% off the cost.” Fifty million Americans did not fill prescriptions due to cost in 2012, including 21% of insured Americans, according to the Commonwealth Fund [Source: 2012 Commonwealth Fund Biennial Health Insurance Survey. Page 10. April 2013].
Average Savings Buying from an International Online Pharmacy for Brand Name Medications Manufactured in America. Find data here: http://www.pharmacychecker.com/news/american_made_prescription_drugs_cheaper_abroad_2013.asp.
Gabriel Levitt, vice president of PharmacyChecker.com, stated, “We looked only at brand name medications manufactured in the U.S. in this study, not because they’re any safer than those made elsewhere, but because we found it so compelling that the same drugs made here are about 75% less expensive abroad. ”
Federal law prohibits personal drug importation under most circumstances, but the practice is generally permitted and individuals are not prosecuted. See http://www.moneytalksnews.com/2013/02/01/is-it-safe-to-use-an-overseas-pharmacy.
PharmacyChecker.com was founded by Tod Cooperman, M.D. in 2002 to help consumers safely save money on medication by identifying the lowest drug prices and reputable online pharmacies. PharmacyChecker.com independently checks the credentials of online pharmacies and pharmacy discount cards and provides free and easy online comparisons of drug prices.
Contact: Gabriel Levitt, Vice President, PharmacyChecker.com: 718-387-4526 or gabriel(dot)levitt(at)pharmacychecker(dot)com.