Report on Prescription Savings Shows Brand Name Drug Prices 70% Lower in Canada and Up To 97% Lower In Other Countries

Helping Consumers Afford Medication

PharmacyChecker.com CEO Tod Cooperman, MD, said “Last year 45 million Americans didn’t fill their prescriptions because of cost…many of them could be helped by taking advantage of lower prices on medications in countries such as Canada and the U.K.”

PharmacyChecker.com released its first International Prescription Savings Quarterly Report, which shows that U.S. consumers can save an average of 70% when buying medication online from Canadian pharmacies verified in the PharmacyChecker Verification Program. Even greater savings (up to 97%) are available when purchasing from other countries. The report (chart below) compares U.S. and foreign prices for 20 of the most commonly prescribed brand name medications.

While Congress considers several bills to make it expressly lawful to import medication for personal use, recent surveys show that between 19 to 27 million have already done so to save money, despite the federal restrictions on the practice. The government has not pursued individuals for doing this.

“Last year 45 million Americans didn’t fill their prescriptions because of cost,” said Tod Cooperman, M.D., CEO of PharmacyChecker.com. “Our Savings Report indicates that many of them could be helped by taking advantage of lower prices on medications in countries such as Canada and the U.K. where prices are just a fraction of those at home.”

Savings from pharmacies in Australia, New Zealand and the UK average 71%, and those in India and Turkey have savings averaging 82% and 85%, respectively.

The greatest potential savings in the current report is 97% on the cholesterol drug Crestor, which costs $10.31 in the U.S. for a 10 mg pill, compared to 36 cents from India; from…

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