Why is The Cost of Prescription Drugs in the US so High?
Over the past few decades we have seen a major increase in the prices of prescription drugs in the United States. This has some people wondering why they are so high. This article will help explain why and guide you to make the best decision on how to save money on your prescription drug costs.
According to the annual Fortune 500 survey, the pharmaceutical industry topped the list of the most profitable industries. The high cost of prescription drugs in the US is a major issue in the health care reform debate.
Even though it is relatively inexpensive to manufacture a prescription drug, pharmaceutical companies have to pay a high price for research and development of new drugs. Even though people in the US only represent 5% of the world’s population, the United States is the leader in drug research and development. Thirty-five percent of the research on new drugs is conducted in the United States. A recent study indicated that research on new drugs to for AIDS, heart disease, cancer, Alzheimer’s, and arthritis will save more than $750 billion in treatment costs over the next 25 years. If you are buying expensive drugs in the US you are helping the pharmaceutical industry fund their research and development.
Most Americans are looking for better alternatives to purchasing their prescriptions here in the US. You can save money on drugs purchased from other countries. For example, a Canadian pharmacy , carries the same prescriptions available in the US for much cheaper. The reason for this is because drugs in Canada are under government price controls. Canada also carries a wider selection of generic drugs than the US.
Purchasing more expensive medications in the United States will help researchers learn more about new drugs to treat illnesses but Americans can chose to save money by using pharmacies from other countries. The decision is up to you. Just make sure you are well educated if you are looking for ways to save money on your prescription drugs.
Cascia Talbert is a busy blogger, publisher, freelance writer, online merchant and mother of five children, living in The Pacific Northwest. With a B.A. in history and law and a passion for writing and staying healthy, she started The Healthy Moms Magazine in 2007. The Healthy Moms Magazine is currently ranked the top health blog for moms and features several health expert writers and mom bloggers. Ms. Talbert believes that if mothers are well educated on health issues and how to stay healthy, they can pass that information down to their children and reverse the childhood obesity statistics in the U.S.
Ms. Talbert is a featured health blogger at Wellsphere.com and her articles can also be found on ezinearticles.com. She also runs the Healthy Moms Social Network on Ning, manages Mom’s Natural Health and Wellness Store, and is on the Social Media Advisory Board for America’s Wellness Challenge.