How Cheap are Canada’s Drugs Really? The price differential is relatively small.
This article compares pharmaceutical prices paid by governments in the United States and Canada. The comparator prices are those of the Federal Supply Schedule and the Ontario Drug Benefit List, for frequently prescribed brand name medicines.
The price differential between Canadian and US prices is shown to be relatively small, when considering prices charged to governments.
Buyer power exercised by governments is very important in reducing pharmaceutical prices and comparisons between retail prices in the US and government prices in Canada are therefore inappropriate.
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Issue: Vol. 3, No. 8: September 2004
Word Count: 1089