January 2021 - Newsletter #4

Big Pharma to Hike Drug Prices Up to 10%

"[D]rug price hikes in 2021, including those planned for January 1 [in the USA], on more than 300 drugs, will drive increased prescription importation." That's according to the Campaign for Prescription Importation (CPPI) and it is based on reports from a healthcare research firm and announcements from the leading drug makers.

More concerning still is that the CPPI's executive director, Jack Pfeiffer, says this is "[j]ust the beginning of price increases for 2021" while "[t]he price of drugs in America has increased faster than most other goods and services. Since 2014, drug prices have increased by 33%, outpacing price increases for any other commodity or service."

CPPI cites a study which estimates 2.3 million Americans import their prescription medications as of 2020. Mr. Pfeiffer predicts that continued drug price increases in 2021 will drive even more consumers to certified and licensed Canadian online pharmacies where he notes that many of the same drugs are available at a savings of 50-90% less than the leading discount online pharmacy sites in the United States.

While international online pharmacies, like NorthWestPharmacy.com, are expected to remain vastly more competitively priced on a wide array of pharmaceuticals, the CPPI didn't mention the fact that international pharmacies are also facing pricing pressures. As previously reported in our newsletter, imported drug prices are expected to rise due to the weakness in the U.S. dollar which is compounded by a jump in the cost of raw materials for producing drugs as operational and transportation costs of drug makers also soar.

All of this is further complicated by the pandemic-related U.S. and international drug shortages as well as the export bans we have previously advised customers about in our newsletters. In fact, “[fi]fty-eight percent of respondents to a CPPI short survey taken between April and May 2020, said that their access to prescription medication has been impacted by COVID-19.”

Get Ahead of Price Increases, Drug Shortages and Export Bans

Stay ahead of price increases and drug shortages as the next wave of the pandemic spreads while export bans, logistics disruptions and lockdowns exacerbate challenges in acquiring inventories worldwide. The best thing you can do to help secure inventory for your medications at the current prices is to order well in advance. This gives us more time, if necessary, to procure what might be difficult to source inventory and get it shipped to you well before you are going to run out of your supply at home. We encourage customers who may need medications in the coming months to place their orders now.

With more than 375,000 customer reviews, NorthWestPharmacy.com is the most reviewed and independently five-star rated online pharmacy in the world providing lower cost medications from abroad to customers worldwide. Nobody offering safe and affordable pharmaceuticals from abroad can match our supply and delivery capacity during this difficult time so please be assured we continue to successfully deliver orders to customers as we have done since the beginning of the pandemic.

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