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There are many pros and cons about purchasing prescription drugs online according to an article written by the National Legislative Association on Prescription Drug Prices. Consumers who are paying high prices for prescription drugs are urged to read this post. There are many things happening online with prescription drug prices. Take a look at how prescription drug prices can be more affordable when purchased online.
Prescription drugs purchased from international pharmacies are generally up to 85% cheaper than the exact same product purchased in the United States. Countries such as New Zealand, Australia, the UK and Israel have all kept prescription drug prices low while prices in the United States have continued to rise year after year.
Rising drug prices in the United States affect mostly name brand drugs that cannot be purchased as generic. Pharmaceutical companies hold the patent on these particular drugs for a set period of time. It is until that patent protection time expires that prescription drugs become available as generic. Abilify was a name brand example that was used in the article by the National Legislative Association on Drug Prices. This particular medication in the United States will cost on average $9,000 more than in other countries. It only makes sense to purchase the exact same product at a cheaper price in another market. This practice is known as arbitrage and used every day to purchase other commodities. It only makes sense to go with the cheaper market if one is cheaper than the other. The internet allows consumers the ability to go to other countries where prices are cheaper and more affordable for the exact same product.