New Evidence: Drug Prices Are Lower in U.S.;

U.S. Newswire ^ | 10-7-04 | Unknown

[SmithPatterson]

New Evidence: Drug Prices Are Lower In U.S.; FDA Report, NCPA Study Show Smart Shopping Saves More Than Importing From Canada

DALLAS, Oct. 7 /U.S. Newswire/ -- A federal task force report issued this week confirms research by the National Center for Policy Analysis (NCPA) proving that patients can save more on prescription drugs by becoming smarter shoppers rather than importing them from Canada. (http://www.ncpa.org/pub/st/st262/)

"Patients can save a lot of money if they shop for drugs the way they shop for bread," said Devon Herrick, author of the original NCPA study. "Looking to Canada is unnecessary. Savvy shoppers can often find greater savings here at home."

The federal task force, chartered by the U.S. Food and Drug Administration and led by the Surgeon General, concluded that U.S. consumers can save 50 percent or more solely based on the price of generic substitutes.

In his analysis, Dr. Herrick shows that consumers can save even more by using techniques that are common in any market other than health care, such as selecting a proper Medicare discount card, comparison shopping among U.S. pharmacies, buying in large quantities and pill-splitting, or by purchasing lower-cost substitute drugs.

"Even greater savings might be possible depending upon dosage and the availability of therapeutic substitutes," Dr. Herrick said. The NCPA will release an updated version of the study next week. (http://www.ncpa.org/pub/st/st270/)

The study also finds much of the savings generated by importing drugs from Canada is lost when shipping costs of $14 to $15 per order on average are added.

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U.S. - CANADIAN PRICE COMPARISONS

-- Drug(aa) Surveyed by FDA (Dosage): Amiodarone - 200 mg.; Medical Use: Rapid heart beat; Canada RX Price (Quoted by FDA): $134.90; FDA Task Force Price: $41.89; Additional Savings (Shopping for Drugs - NCPA): $37.71

-- Drug(aa) Surveyed by FDA (Dosage): Verapamil SR - 240 mg; Medical Use: High blood pressure; Canada RX Price (Quoted by FDA): $83.90; FDA Task Force Price: $43.97; Additional Savings (Shopping for Drugs - NCPA): $40.00

-- Drug(aa) Surveyed by FDA (Dosage): Lisinopril - 20 mg; Medical Use: High blood pressure; Canada RX Price (Quoted by FDA): $83.59; FDA Task Force Price: $16.19; Additional Savings (Shopping for Drugs - NCPA): $15.95 -- Drug(aa) Surveyed by FDA (Dosage): Terazosin - 2 mg; Medical Use: High blood pressure, prostate; Canada RX Price (Quoted by FDA): $43.98; FDA Task Force Price: $17.09; Additional Savings (Shopping for Drugs - NCPA): $17.09

-- Drug(aa) Surveyed by FDA (Dosage): Hydrochlorothiazide - 25 mg; Medical Use: High blood pressure; Canada RX Price (Quoted by FDA): $12.73; FDA Task Force Price: $6.29; Additional Savings (Shopping for Drugs - NCPA): $5.68

-- Drug(aa) Surveyed by FDA (Dosage): Digitek - 0.25 mg; Medical Use: Heart medication; Canada RX Price (Quoted by FDA): $51.30; FDA Task Force Price: $29.47; Additional Savings (Shopping for Drugs - NCPA): $10.32

(aa)-All prices quoted are for 100 doses.

The NCPA is an internationally known nonprofit, nonpartisan research institute with offices in Dallas and Washington, D. C. that advocates private solutions to public policy problems. We depend on the contributions of individuals, corporations and foundations that share our mission. The NCPA accepts no government grants.

[Mears]

Am I missing something here? Where is the amount of the pills?

[Mears]

Ooops,just noticed it was for 100======sorry!