Reduced drug costs Archives - Dehoney Financial Group

Patented Medicines Regulations Unveiled

Over two years ago, the federal government announced that the rules governing the pricing of pharmaceuticals in Canada were changing. Now, after a lengthy public consultation process with interested Canadians and stakeholders, including the pharmaceutical industry, the Government of Canada has announced the final amendments to the Patented Medicines Regulations aimed at saving “Canadians billions over the next decade.”

The Patented Medicine Prices Review Board (PMPRB) has introduced the following amendments:

In setting drug prices, a “basket” of 11 other countries (no longer including the US and Switzerland), that are similar to Canada’s population, economy and approach […]

Bill 92 amendments reduce drug costs, but so too will Quebec’s latest agreement

real cost of drugs

At the close of last year, the Quebec government passed Bill 92, An Act to extend the powers of the Régie de l’assurance maladie du Québec and to amend various legislative provisions.

Among the eighty-four amendments contained in Bill 92, is the requirement for pharmacies to detail drug cost, markup, and dispensing and/or professional fees on the pharmacy receipt.

A consumer website has been created to help Quebec residents understand the new and more detailed pharmacy receipts.

While this kind of detailed breakdown is common practice in other Canadian provinces, it is new […]