Towards Competitive Generic Drug Prices In Canada

Generic drug costs are greater in Canada than in other industrialized nations. The authors argue that the premiers' call for a national bulk purchasing program, made earlier in 2012, is a positive step for Canadians. Dr. Michael Legislation and Jillian Kratzer, Centre for Well being Companies and Policy Research, online Aluprex School of Population and Public Well being, University of British Columbia. For two many years, Canadian provinces have set generic drug costs utilizing percentages of the equal model title. This has left a large hole between what drug plans reimburse. The price at which generic companies promote to pharmacies. The result's a system where generic firms pay confidential "rebates" to pharmacies that stock their merchandise. If Canadian costs were efficiently lowered to ranges seen in different international locations, the potential savings would be tons of of hundreds of thousands of dollars. This quantity can also be poised to develop as plenty of widespread medicine come off patent in Canada, meaning generic drug use will improve significantly.

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