Why Are Prescription Drugs More Expensive in the U.S. than in Other Countries?
- Little governmental regulation. In many other countries, governments regulate how much a medication can cost. For example, Canada’s Patented Medicine Prices Review Board (PMPRB) requires that a new medication cannot cost more than the median price of the drug in other countries. Countries in the European Union use similar pricing constraints. The U.S. does not impose similar rules, and therefore pharmaceutical companies set the prices for medications at their will, usually the peak of what they think the market will withstand. This leads to high prices, especially for innovative or unique drugs.
- Lack of research comparing drugs. A recent study in the Journal of the American Medical Association pinpointed the lack of comparative research across drugs as yet another cause for higher drug spending among Americans. While most doctors are sensitive to the fact that their patients want to avoid high drug prices, their primary goal is to treat patients effectively. It is often easy to find medical research about the efficacy of particular drugs, but there is less research comparing brand-name drugs against each other. Without that research, prescribers may be hesitant to prescribe a cheaper drug that they are less familiar with.
- No single-payer negotiation. The U.S. doesn’t negotiate prices with pharmaceutical manufacturers like other countries do. In countries where there is single-payer healthcare—in other words where the government pays for most health care costs—those governments have huge negotiating power with pharmaceutical companies to lower prices. In the U.S., a patchwork of private insurers and smaller government programs negotiate prices with drug makers individually, reducing their bargaining power.
Special note: Considering crossing the border for your medications? Just know that it is illegal to import pharmaceuticals even for personal use.
Welcome to The Rx Solution
The Rx Solution was founded for prescription cost help, and to solve the problem of the uninsured and under-insured needing access to prescription medications in America.
The Rx Solution helps to qualify patients without prescription drug coverage get the medicines they need for little or no money.
We bring together America’s pharmaceutical companies, doctors, other health care providers patient advocacy organizations and community groups to deliver patient prescription assistance program. We help qualifying patients without prescription drug coverage get medications through the public or private program that’s right for them.
Our mission is to increase awareness of patient assistance programs and boost enrollment of those who are eligible.
Programs for the Low-Income or Uninsured
Access to affordable medication is not possible for everyone, particularly for low-income individuals and households. Despite the generous efforts of countless health programs, a number still struggle with choosing between medication and other needs such as shelter, food, and transportation.
This should not be the case.
When it comes to applying for prescription assistance programs for low-income or uninsured, our team does not just send out the paperwork. We help you apply and complete the process, ensuring you receive quality medication as soon as possible.
Programs for Seniors
Prescription drugs are major factors in the overall cost of caring for elderly loved ones. According to Paying for Senior Care, an online resource tool, people aged 65 and above spend an average of 3% of their income for medication; the percentage rises when doctors prescribe over-the-counter medications.
While government funded healthcare can help, a number of seniors struggle to afford prescription costs.
Prescription drug programs for seniors are helpful for elderly individuals, especially those with low or no income. Eligibility, however, varies according to the program. Our goal is to help you get well soon by expediting the approval process.
The Rx Solution makes application for patient assistance programs easier. Get in touch with us today to learn more.
The Rx Solution
2240 W Woolbright Rd Ste 200, Boynton Beach FL, 33426