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Feb 14, 2018 · To place that amount into perspective, CIHI estimated total spending on outpatient prescription drugs in 2015 was about $29.2 billion, of which about $12.6 billion was being paid through public plans. (Of the remaining $16.6 billion, about 60 per cent was paid by private insurance, and the remaining 40 per cent by individuals out of pocket.)
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In recent years, drug spending has accounted for an increasingly large proportion of expenditures in the Canadian health care system, with expenditures growing faster than any other component of health care. Expenditures on drugs have surpassed spending on physician remuneration to become the second largest cost in the health care system, after hospitals. The main drivers behind these increased expenditures are:
Canada's drug prices are now the third highest among the Organisation for Economic Co-operation and Development (OECD) countries - that is about 25% above the OECD median. This influences Canadians' access to important prescription drugs and the sustainability of Canada's health care system.
We are working with the provinces and territories to reduce drug costs. As a member of the pan-Canadian Pharmaceutical Alliance, we are combining our buying power with that of the provinces and territories to:
We are also modernizing the way prescription drugs prices are regulated to better protect Canadian consumers from high prices for patented drugs.
In consultation with stakeholders and the public, we will strengthen the Patented Medicines Regulations under the Patent Act.
The Patented Medicine Prices Review Board will reform the guidelines it uses to implement the act and its regulations.
•Patented Medicine Prices Review Board
•Letter to the acting Chairperson and Chief Executive Officer of the Patented Medicine Prices Review Board
November 3, 2022 — Take an in-depth look at prescribed drug spending in Canada in 2021 and learn about how different drug classes contribute to current trends in total public drug program spending. Public drug programs spent $16.2 billion in 2021, a 7.4% increase from 2020 (the highest growth rate since 2018).
Public drug program spending accounted for 44% of all prescribed drug spending in Canada in 2021, Reference1 reaching $16.2 billion — a 7.4% increase from 2020 (the highest growth rate since 2018). Public drug program spending differs by jurisdiction due to differences in program design, formulary coverage, prescribing patterns, and the ...
Public drug program spending does not include spending on drugs dispensed in hospitals or on those funded through cancer agencies and other special programs. Public drug program spending increased by 3.2% between 2018 and 2019. Public drug programs spent $15.0 billion in 2019, an increase of 3.2%, compared with 6.8% in 2018.
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Prescription drug spending in Canada. National Prescription Drug Utilization Information System reports. Federal Cost of a National Pharmacare Program – Parliamentary Budget Office. Pharmacare Now – Report of the Standing Committee on Health. Canadians Affected by Rare Diseases: Improving Access to Treatment – Report of the Standing ...
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Retail and Hospital Spending. In the retail sector, total drug purchases increased by 165% over the study period, from $10.5 billion in 2001 to $27.8 billion in 2020. In the hospital sector, total drug purchases grew 264% during this time, from $1.3 billion in 2001 to $4.9 billion in 2020. Among retail purchases, the average annual growth was ...
