CanadaDrugs.com offers consumer savings as inflation soars on prescription drug prices.

March 15, 2012

Retail prices for prescription drugs have soared over the rate of inflation, pushing prices higher for American consumers already faced with the highest cost of prescription medication in the world. CanadaDrugs.com, the largest online Canadian pharmacy, is combating inflationary prices by offering lower cost international medication to its patients.

Winnipeg, Manitoba (PRWEB) March 15, 2012

Two recent studies on inflationary budget pressures in the United States reveal that the cost of prescription medication for American consumers, already the highest in the world, is continuing to rise, putting increased pressure on household budgets already squeezed by the high cost of medication. The studies from the American Institute for Economic Research and the AARP Public Policy Institute both demonstrate that rising drug costs and the impact of prescription drug price changes are forcing more and more Americans to make hard choices in how to fit lifesaving drugs into their monthly budgets. Canada Drugs, as the largest international online prescription provider, is offering price relief to those struggling with increased costs by offering lower priced international brand medication and a wider selection of more affordable generic prescription medication.

While the Consumer Price Index, the governments widely used measure of inflation reported a 3.1 percent rise in prices over 2011, the American Institute for Economic Research focused exclusively on the cost of Americans typical daily purchases, such as food, gasoline and prescription drugs, and found that these costs rose over 8 percent in the past year. The AARP Public Policy Institute study dug deeper into the rising cost of prescription medication and found that the cumulative change in prices for brand-name prescription medication from 2005 through 2009 was almost double the rate of inflation. The AARP examined retail prices for the 514 prescription drugs most used by Medicare beneficiaries and saw the average rate of increase for these drugs was 4.8 percent, while the retail prices for brand name and specialty drug products rose by 8.3 and 8.9 percent. Altogether from 2004 to 2009 the cost of drugs increased by 25.6 percent, compared to a general inflation rate of 13.3 percent. For consumers taking a drug on a chronic basis, their average annual cost rose from $2,160 to $3,168 over the same time period.

Due to this large increase in drug costs, the AARP has called for Congress to allow for the safe and legal importation of prescription drugs from abroad. CanadaDrugs.com, as the largest and most established online pharmacy, supports American consumers having greater choice in their prescription drug purchases. With price savings that average between 20%-80% off the typical American retail price, Canada Drugs, Canadian pharmacy, has been offering it´s customers significant drug savings since 2001. With no enrollment plans, premiums, or co-pays, Canada Drugs offers easy price relief to those struggling with high drug costs, and to seniors facing the Medicare Part-D doughnut hole. Canada Drugs offers a selection of thousands of varieties of discount prescription medication, with popular types of products including discount Nexium, discount Flomax, and discount Singulair.

“We see the effects of drug price inflation everyday on our customers when they call us unable to afford their drug bills, or when they have fallen into the Medicare-D Doughnut Hole. We have a dedicated team to assist Medicare-D users that will work with them to maximize their drug savings and help lower the out-of-pocket costs they are paying for their drugs,” said Brock Gunter-Smith, Chief Business Development Officer for Canada Drugs.

The same AARP report also revealed that the retail prices for generic drugs decreased by 7.8 percent over the same period. CanadaDrugs.com also offers a wide selection of generic equivalents that offer the greatest price savings to its customers. Generic equivalents of drugs such as Propecia or Advair Diskus offer affordable alternatives to higher cost brand name version.


About CanadaDrugs.com

Canada Drugs is the largest and most trusted online Canadian pharmacy. In operation since 2001, Canada Drugs has safely filled over 6 million prescriptions for American patients. At Canada Drugs, we maintain extremely rigorous standards in patient safety. We believe access to essential prescription drugs should be safe, convenient, and affordable for all. Canada Drugs is a certified member of the Canadian International Pharmacy Association (CIPA), the Manitoba International Pharmacists Association (MIPA), the Better Business Bureau (BBB), VeriSign and is a 5 star rated pharmacy from Pharmacy Checker.com. As a premiere Canadian Internet-based and mail order pharmacy, CanadaDrugs.com LP is licensed by the Manitoba Pharmaceutical Association to distribute prescription medication. For more information on CanadaDrugs.com visit our website or call 1-800-226-3784.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/3/prweb9281744.htm

Source: prweb

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