Posted by Michael Wonder on 16 Jan 2017
Health minister vows to save Canadians 'billions' on drug prices
13 January 2017 - Analysis shows Canadians pay substantially more for pharmaceuticals made by Canadian company.
Canadians forced to pay some of the highest drug prices in the world could save billions through changes promised by Health Minister Jane Philpott in an exclusive interview with the fifth estate.
An analysis by the fifth estate shows that Canadians, for example, pay far more than people in New Zealand for drugs produced by the largest Canadian-owned pharmaceutical company.
For every dollar Canadians spend on seven popular drugs sold by Apotex in both countries, Kiwis spend just 11.5 cents.
And overall, according to several studies, Canadians pay the second-highest drug prices in the world, after only people living in the United States.
