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RSS FeedsOttawa moves closer to a national drug plan with changes that will lower prices
(The Star Food)

 
 

9 august 2019 17:31:28

 
Ottawa moves closer to a national drug plan with changes that will lower prices
(The Star Food)
 


OTTAWA—The federal government is introducing changes to the oversight of drug costs, a move it says will help lower prices as a critical step towards a national pharmacare program.On Friday, Ottawa will announce amendments to the regulations that govern how a quasi-judicial review board polices drug prices.The government says the changes to the Patented Medicines Regulations are the most significant reforms since the rules were introduced in 1987 and estimates the savings at $13 billion over the next decade. “It’s the biggest step in a generation to lower the price of prescription medication … by enhancing the power and providing more tools to the (board),” Health Minister Ginette Petitpas Taylor told the Star in an interview Thursday.“We’ve made it very clear as a government that we want to move forward with the national pharmacare program but to do so we absolutely have to lower the price of prescription medication,” she said.The changes will be implemented over the coming year, meaning that any impact on prices remains some time off.The amendments affect the role of the Patented Medicine Prices Review Board, an independent quasi-judicial board that monitors the prices of patented medicines and has the power to intervene when it deems a cost is excessive. It also tracks trends in pharmaceutical sales and medicine prices.One change will remake the basket of countries that the review board uses as benchmarks when weighing drug prices. “We want to make sure that we compare ourselves to countries that have similar health-care systems or similar health approaches and also similar economies,” she said.Switzerland and the United States have been dropped from the list while Australia, Belgium, Japan, Netherlands Norway and Spain have been added. France, Germany, Italy, Sweden and United Kingdom remain. The review board “will now benchmark prices against other countries that are more like Canada,” ...


 
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