Canadian drug prices are generally lower than in the US, due to government regulation and bulk purchasing. However, prices vary between provinces and pharmacies. Patents significantly impact cost: brand-name drugs under patent protection command higher prices. Generic equivalents, once patents expire, become considerably cheaper.
Factors Influencing Canadian Drug Prices
Several factors influence the final price you pay. Provincial drug insurance plans partially cover medications for eligible residents, reducing out-of-pocket costs. The specific coverage varies depending on the province and your individual plan. Pharmacies also set their own markups, leading to price variations even for the same drug.
Health Canada regulates the safety and efficacy of drugs sold in Canada. All medications must meet stringent quality standards before approval. This rigorous process ensures consumer safety. Importantly, online pharmacies must be licensed by Health Canada to operate legally and sell prescription drugs.
Before purchasing medication online, verify the pharmacy’s legitimacy with Health Canada’s website. Always consult your doctor before starting any new medication, including those purchased from Canadian pharmacies. This ensures the drug is appropriate for your health needs and doesn’t interact negatively with other medications you might be taking.
