Canadians Are Doing Big Business Filling U.S. Prescriptions
from the keep-the-cheap-drugs-coming dept
Welcome to the world of drug arbitrage. Thanks to regulations in Canada, many prescription medications there are significantly cheaper than they are in insurance-company-price-hiked American pharmacies. As anyone with any business sense realizes, different prices for the same product is an opportunity for arbitrage, and some Canadian are cashing in. This article looks at the growing business of Canadian pharmacies taking online orders for US patients. Since local laws require a Canadian physician to write the prescription, they have Canadian doctors on staff who simply rewrite the American doctor’s prescription. Meanwhile, the American drug companies are (to put it mildly) not happy about this. They’re threatening to stop supplying drugs to Canadian companies that resell them into the US.