Picard: Drug Costs Should Aim for Fair, Not Cheap

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The Globe and Mail Writer Andre Picard said in an opinion piece published Monday that prescription drug costs should aim for “fair,” not “cheap.”

Picard in his column cited a recent Health Canada analysis in which it said, “Canadians are not getting the value for money on prescription medicine spending or the outcomes they deserve.”

Recently-proposed regulations by the Canadian government would toss the U.S. and Switzerland from the list of comparator countries, Picard writes, and replace them with countries which have lower prices: Australia, Belgium, Japan, the Netherlands, Norway, South Korea and Spain.

According the government’s analysis, the move could save roughly $12.7 billion over 10 years.

Click here to read Picard’s full write up on The Globe and Mail.