Health Insurance Companies won’t cover cost of Cancer Treatment Pills
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Buying prescriptions online can be an easy and cost effective alternative to conventional methods of accessing prescription medications.
Online pharmacies have mushroomed in the last decade as consumers without insurance struggle to pay the high prices that land based pharmacy chains charge. However, novice buyers need to be aware that the amount of fake online pharmacies, commonly operating from high risk scam countries like Nigeria ,Russia and Thailand where corruption is widespread and the back end facilities are readily available has also increased. The vast majority of online pharmacies are trustworthy legitimate operations that will try to ensure that your experience with them is a positive one as the competition has never been greater and retaining customers becomes more difficult. Taking some basic precautions you can avoid getting ripped off in your search for lower cost prescription medications essential to your personal wellbeing. We’ve put together this guide that will help you by providing tips, warnings, advice and resources related to buying brand name and generic prescription medications online without insurance.
Prescription medication prices in the United States are currently the highest in the world and the US pharmaceutical industry is the most profitable sector in the US economy. The cost of manufacturing the medication isn’t great but the cost of research, development, marketing and administration is what drives the prices to extortionate levels with the US (with 5% of the worlds population) accounting for nearly 40% of the global research and development of new pharmaceutical medications. Prices of brand name medications in the US are significantly higher than in Canada, Europe, India and South America where price controls are implemented such is the case in most countries/regions around the world.
This large difference in the price of prescription medication is the reason why an estimated $1 billion a year is spent by US citizens on medicaion from canadian pharmacies alone. US customs estimate that over 11 million americans bring prescription medication into the US through land borders and an estimated 5 million packages containing prescription medication arrive through the post annually. A few years ago, US citizens purchased their prescription medication from canadian pharmacies but these days consumers are increasingly shopping online from pharmacies based in Europe, India, the UK and South America where they can save anything up to 85% on US prices for generic medication and up to 40% on brand name medications.
Pharmaceutical companies around the world maintain that the high prices of prescription medication are necessary to continue funding the costs associated with the research and development of new medications with only about 10% of new medications actually making it to market. However, critics argue that a minority of expenditure goes towards research and development with a majority being spent on advertising and administration. The American Association of Retired Persons (AART) have published a number of studies suggesting that the price of prescription medication is rising a lot faster than the rate of inflation since the mid nineties
All prescription medication have two names, the brand name and the chemical or generic name. Regardless of what name it is called, they both contain the exact same amount of the active ingredient, have the same intended use, positive effects, side effects, risks and method of administration.
The quality and purity are also identical between brand name and generic versions. The only significant difference is the price.
Many people are concerned because of the lower price of generic versions and wonder if the quality and effectiveness have been compromised but the reason for the lower price is because the companies manufacturing the generic version have not had the expense of bringing the drug to market.
Another factor that influences the price is competition between manufacturers once the patent has run out and others are free to make the drug.
Generic medications are predominantly produced by multi national companies in well maintained facilities that have to adhere to the same strict quality standards as the brand name manufacturer and in many cases they are produced by the same company that originally developed the drug.
It’s estimated that up to 50% of generic medications are manufactured by the same company that developed the drug at the same manufacturing facility.
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