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Clark Howard: Prescription drugs

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Updated: 11/13/2013 9:03 am
JACKSONVILLE, Fla. -- I've got a big secret for you. It's one big pharmaceutical companies don't want you to know about. 

We in the United States, if you need to take a brand name prescription, have the highest prices in the world by far. So a lot of Americans who live in northern border states cross into Canada and fill prescription drugs at a fraction cost in the U.S., usually saving two-thirds of the cost.

So if there's a particular medicine that you need that is brand name only, you can't take a generic which thank goodness 80 percent of the time we fill our prescriptions with generics. If you've got to buy a generic, you can follow what the state of Maine is doing where they've set up a deal with a Canadian pharmacy operator to provide drugs to Maine residents at a big discount.

Now one thing about the Canadian pharmacies: You've got to be very careful because there are a lot of counterfeit websites out there.

For more information, go to ClarkHoward.com.
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