Canadians giving up necessities, going into debt to pay for prescriptions, study finds

CNBC News

20 November 2018 - Study found 731,000 Canadians across the country borrowed money to pay for medication.

Taking prescribed medication after open-heart surgery might seem like a fairly normal course of action, but the cost of the drugs left Leonard Seigo in a difficult position.

"I have a half-decent pension, but when you start paying for medication, you can't afford to eat. You can't afford to pay rent. It would put you in a real bad position, and I finally, I needed a place to live and I needed food, so I quit taking the pills one at a time," said Seigo, a senior who lives in Kelowna, B.C.

Canadians like Seigo are not alone, according to research by the University of British Columbia.

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Michael Wonder

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Michael Wonder