Research shows that prescription drug or medicine prices in the United States are among the highest in the world, including other developed countries. Time magazine stated "The prices Americans pay for prescription drugs, which are far higher than those paid by citizens of any other developed country, help explain why the pharmaceutical industry is — and has been for years — the most profitable of all businesses in the U.S." In the annual Fortune 500 survey, the pharmaceutical industry topped the list of the most profitable industries, with a return of 17% on revenue.
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But many publications write that: US-made drugs "76% cheaper for Americans who buy abroad"!
US consumers can make savings averaging 76% on domestically-produced brand-name medications when they buy them from verified international on-line pharmacies rather than local US pharmacies, says a new analysis.
The savings, found from a basket of 15 widely-used branded medications, ranged from 86% for Eli Lilly’s antidepressant Cymbalta (duloxetine) to 61% for Mission Pharmacal’s kidney stone disease treatment Urocit-K (potassium citrate).
Moreover, while three of the drugs - Merck & Co’s asthma/allergic rhinitis treatment Singulair (montelukast), AstraZeneca’s asthma drug Pulmicort (budesonide) and Urocit-K - are available as generics in the US, their brand-name prices overseas are still lower than their US generic prices.
Experts points to findings by the Commonwealth Fund think tank that, in 2012, 50 million US citizens did not fill prescriptions because of cost, including 21% of insured Americans.
"It is a ridiculous situation, but the only way many Americans can get affordable prices on brand-name American drugs is to buy them outside the country," said PharmacyChecker president Tod Cooperman.
The data was collected over 15 weeks. PharmacyChecker looked only at brand-name medications manufactured in the US "not because they’re any safer than those made elsewhere, but because we found it so compelling that the same drugs made here are about 75% less expensive abroad," added vice president Gabriel Levitt.
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