Brand Drug Prices are Double for Americans

Business Insider Magazine published two charts this week that clearly show why the cost of healthcare in the U.S. is among the highest in the world on a per capita basis.

This first chart shows that the U.S. dedicates more money per capita than pretty much any country in the world on total healthcare costs. With the ongoing debate in Washington on the “fiscal cliff,” a lot of demands are going to be made on reducing the money spent on healthcare to help tame the growing budget deficit, but this next chart shows that the difference in drug costs between the U.S. and the rest of the world is one of the main reasons healthcare costs are so high for Americans.

The cost of brand name medications in the U.S. is double what people pay for the exact same drugs in Canada or Europe. This price discrepancy is why Canadianpharmacydrug.com and other safe, legitimate online Canadian pharmacies are so important to those struggling with high costs. When the cost for the exact same drug is twice as much for an American senior, as it is for a senior in Canada or the UK, you see why having access to Canadian or British medication can save you so much on your drug bill.

This chart is an excellent way to visualize why your bill with Canadian pharmacy drug is so much cheaper than it would be if you ordered from a local pharmacy. And it’s also part of the reason why that first chart shows how much money per person is spent on healthcare for Americans, but without the results you would expect with such spending in terms of outcomes.