The Truth About Prescription Drug Importation in the U.S.
Prescription drug prices in the US are significantly higher than in other countries. The free market in the US has created some of the highest drug prices in the world. Foreign governments set prescription drug prices far lower, making this is one of the main reasons why US residents turn to prescription drug importation.
Employers are also realizing that if their workforce becomes educated on prescription drug importation, they can save dramatically on prescription medication costs by purchasing from other countries.
According to the FDA, only 28% of the active pharmaceutical ingredients, or APIs, are manufactured in the United States (2019). Canada, China, India, and the EU (European Union) make up almost 60% of the APIs used in the US. In turn, these APIs are used to manufacture the actual medications that people use. Prescription drugs sold in the US are manufactured in facilities all over the globe.
Over 400 Brand-Name Drugs to Receive Price Hikes at Start of 2022
New year means new beginning for most people, but for Americans, 2022 means paying more on their prescription medications.
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