by Lance Devon
(NaturalNews) Many Americans are now looking outside the United States for cheaper prescription drugs. The pharmaceutical industry estimates the cost of developing a new drug is at least 800 million dollars. This helps explain the high price that is passed on to consumers, but does medicine have to be this expensive? According to the National Consumers League, consumers are paying too much for prescription medication. This has led many to cross the border and start buying their prescriptions at half the price in places like Canada.
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Alison Rein of the National Consumers League, says, “The fact that busloads of Americans are crossing the border buying medications or going online is a clear sign that the public finds the price of prescription drugs is too high in the United States.”
People are fed up with overrated, high priced prescriptions
According to the Centers for Disease Control (CDC), the United States out-of-pocket drug consumption exceeds $45 billion annually. The agency also reports that one of every five Americans ask their doctor for a less expensive prescription.
The horrible reality is: the 11 major drug companies in the world come up with an annual $85 billion profit. This industry is obviously monopolizing on people’s illness, and they’re not even sharing any of the billion-dollar profit by lowering the prices!
Either way, the combination of severe side effects and high costs is detracting people from the pharmaceutical philosophy altogether. Many people are now seeking alternative answers as well.
Read more: http://www.naturalnews.com/039902_prescription_drugs_overpriced_profiteering.html