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In 2021, Trupanion introduced two new pet insurance products, namely PHI Direct and Furkin. These insurance offerings were specifically launched in Canada and are designed to provide pet medical coverage through online platforms, offering various price points to cater to different needs and budgets. [9] [10]
The CVMA also publishes information about pet care for the public. [5] [6] Veterinary students in Canada are automatically members of the CVMA and are referred to as Students of the CVMA (SCVMA) (Étudiants de l’Association canadienne des médecins vétérinaires, ÉACMV).
Medication costs can be the selling price from the manufacturer, that price together with shipping, the wholesale price, the retail price, and the dispensed price. [3]The dispensed price or prescription cost is defined as a cost which the patient has to pay to get medicines or treatments which are written as directions on prescription by a prescribers. [4]
Patented Medicine Prices Review Board office in Ottawa. Bill C-22, which was passed in 1987, established a compulsory licensing system under which drug patent holders were required to allow competing drug manufacturers to import their patented drug in exchange for a very modest 4% royalty, which resulted in an increase in the market share of generic drugs.
Pet insurance is a form of property insurance rather than health insurance. [ citation needed ] Insurance companies may limit coverage for pre-existing conditions , giving owners an incentive to insure even very young animals, which are not expected to incur high veterinary costs. [ 7 ]
PetMed Express is an online pharmacy that sells prescription and non-prescription pet medication and nutritional supplements. [3] [4] It can only fill prescriptions written by veterinarians, and competes with veterinarians who derive some of their income from selling pet medication. [3] [5]
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