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Trying to find a way to provide Americans with better access to affordable medication has been on the US Federal Governments to-do list for years now. But here we are with successful entrepreneur and Dallas Mavericks NBA team owner Mark Cuban beating them to the punch. His Cost Plus Online Pharmacy is new on the scene and providing people with the ability to purchase medication at lower prices so that they’re not forced to overthink purchasing needed meds. One thing to note though is compared to a Canadian online pharmacy is Cost Plus will only carry generic medications.
And that shouldn’t be an issue. We are always quick to say how generic medication is often the best cost-effective alternative for people and to be aware that generic medications do not get approved for production until they are proven to be equally pure, safe, and effective as the branded versions they are built on. Approximately 5 years goes by before a drug’s patent expires in America and then the generic can be made. This is a part of why drugs are expensive in America.
Cost Plus Pharmacy is perfectly positioned to be the fix for a lot of people. Cuban has stated that one of his main focuses for Cost Plus is to be more transparent regarding medication prescription and pricing, and that can lead us to how the pharmacy got its name. Cost Plus means Cost Plus 15%, and by limiting what is added to cost this new online pharmacy alternative is going to have more Americans paying less for generic medications, provided they pay with cash.
Nothing is built out in full quickly, and that certainly applies to an affordable online pharmacy too. Many Americans have been taking advantage of the fact that they can order medication online from Canada, but obviously it’s impossible to pay cash ordering internationally. Cost Plus Pharmacy needs customers to submit a prescription online in the same way we would, but paying cash for generic medication has big advantages for many people when avoiding having to go through their insurance or getting meds through Medicare Part D.
Cost Plus Pharmacy plans to have 100 different generic drugs available by the end of 2022 on their website, and other generic medications will be added from there. Avoiding pharma industry middlemen is a big part of how Cost Plus can offer lower prices on drugs. They have always existed in the chain between the drug manufacturer and the pharmacist’s counter and added to costs. Cuban’s pharmacy is also setting itself up to be able to avoid many of the realities of supply chain logistics in pharmaceuticals that add to the end user or OOP (out-of-pocket) costs for patients.
It should still be pointed out that many Americans who rely on Medicare Part D for their prescription drugs won’t have the cash needed to buy these generic drugs. Especially in comparison to what is provided to them as a co-pay arrangement through the Part D program. In these instances, it may still be best to have your prescription filled in Canada online and remember that generic medication is priced lower here in the same way it is in America. We should also consider the cost of insulin – it is a medication needed every day by hundreds of thousands of North American diabetics and it is often far too expensive.
We agree that the new Cost Plus Pharmacy for Americans is a positive development, as the need for lower prices on prescription drugs has existed for many years and paying less for generic drugs is a part of that. The company has made strategic choices about which medications it will offer first, and they will probably do the same regarding what will be available throughout 2023.
Some generic medications will still cost less in Canada and may be ones that you will continue to pay more for at this new online pharmacy. Asthma is one of the more common chronic health conditions around the world, and asthmatics will always rely on asthma inhalers to deal with an oncoming asthma attack. The Ventolin asthma inhaler is one of them, and this is often one medication you’ll always find for less if ordering asthma inhalers from Canada.
Another among generic medications that will probably cost less in Canada are menopause treatment drugs with Estradiol. These are also used by thousands of women due to the fact that women are bound to be going to go through menopause at some point.