I’ve done a little experiment in medical tourism specifically as it pertains to prescriptions. While it didn’t work out for me, I learned a lot in the process and will share the details here for your benefit. My big takeaway from this experiment is that many Americans are filling their prescriptions in Canada for a fraction of the cost in the U.S.
Why Are the Cost of Prescriptions Drastically More Expensive in the U.S.?
I think the short answer is that they can be. The pharmaceutical companies are pretty powerful and if they know they can get private insurance companies to foot the bill, they charge more.
I recently wrote an article about the astronomical costs of prescriptions in the United States. In the article, I get transparent about a condition I’ve been diagnosed with. Additionally, I’ve been prescribed an expensive specialty medication. It was a bit of a rant article where I share my growing frustration of how the pharmaceutical companies get away with charging such exorbitant prices in the U.S.
Anyway, with the help of my doctor and boss, I set out on an experiment.