Reduced drug costs Archives - Dehoney Financial Group Ltd.

Patented Medicines Regulations: UPDATE July 13, 2020

As reported by Kelsey Rolfe of Benefits Canada, reforms to the Patented Medicines Pricing Review Board (PMPRB) have been upheld by the Federal Court. This decision followed an application for judicial review by Innovative Medicines Canada and 16 pharmaceutical companies who opposed the amendments which included:

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 to health care, will be used to compare prices.
In establishing a price ceiling for a drug in Canada, the PMPRB will now have access […]

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 […]