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The pan-Canadian Pharmaceutical Alliance (PCPA, stylized as pCPA), previously the Pan-Canadian Pricing Alliance and the Generic Value Price Initiative [1] is an alliance between the provinces and territories of Canada to combine their bargaining power to negotiate lower prices on pharmaceutical drugs. [2] [3]
By 2018, drugs—both prescription and non-prescription—were the second largest healthcare expenditure in Canada at 15.3% of the total. [ 33 ] According to the December 2020 CIHI report, in 2019 public drug programs expenditures were $15 billion, representing a one-year increase of 3%. [ 111 ]
The main difference is that patented drug prices in Canada average between 35% and 45% lower than in the United States, though generic prices are higher. [98] The price differential for brand-name drugs between the two countries has led Americans to purchase upward of $1 billion US in drugs per year from Canadian pharmacies. [99]
Drug costs in the U.S. are higher than in Canada and other countries where government-run healthcare systems negotiate prices for individual prescription drugs. In the past, Canada's government ...
While the prices patients pay vary widely from what it costs pharmacies to buy prescription drugs from wholesalers, these prices can indicate market trends, changes in the supply chain or drug ...
the Trillium Drug Program covers households with high prescription drug costs. [4] as of 1 January 2018, prescription drugs for those under 25 years of age are covered by OHIP through OHIP+. [5] As of 1 April 2019, the Ontario government will no longer offer free prescriptions to children and young adults with private coverage. [6]
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