“Canadians are paying too much for prescription drugs, and the Government of Canada is committed to making drugs more affordable.
The Honourable Jane Philpott
Minister of Health
Prescription drugs make a difference every day in the lives of many Canadians, yet Canada pays some of the highest drug prices in the developed world for patented medicines. This curbs our ability to pay for them, and other health services that Canadians need.
This week, in my role as federal Minister of Health, I outlined a comprehensive plan for improving the pharmaceutical system in Canada.
Our government is proposing changes to the way patented drug prices are regulated in Canada and we are changing the list of countries used for price comparison. This will put Canada in a better position to take advantage of lower drug prices in other countries, as well to consider value for money and affordability when setting the bar on excessive pricing. This will be the first time in more than 20 years that the government has substantially updated the Patented Medicines Regulations.
We are seeking feedback on proposed amendments to the regulations. The consultation is open until June 28, 2017. If you are interested in participating, please visit this Consultation Link.