Wednesday, June 3, 2009

GENERIC DRUGS ARE SIGNIFICANTLY MORE EXPENSIVE IN CANADA THAN IN THE UNITED STATES

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Are there differences between the prices for prescription drugs that are most important to Canadian seniors (aged 60 and older) and their counterparts in the United States? According to the Fraser Institute, the answer is: Yes.

In 2007, Canadian seniors paid more than twice as much as their American counterparts paid for identical generic drugs. Why?

The high price of generic medicines in Canada is the result of various ill-conceived public policies that shield retail pharmacies and generic drug companies from competitive market forces.

[time and again, governments screw it up - so lets join them?]

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