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General interest items edited by Janice Flahiff

[News item] Canada paying more than double for common generic drugs, study says | Metro

Canada paying more than double for common generic drugs, study says | Metro.

From the 14 October article

Canada is paying more than double for six commonly used generic drugs compared with other developed countries because of a “highly unusual” purchasing plan, according to a new study released Tuesday.

Researchers found that through a mix of negotiations with drug companies and calls for tender, countries such as New Zealand, the United Kingdom and Germany are paying less than Canada for generic medications that treat everything from high blood pressure to depression. It’s all thanks to a model the author of the study, Amir Attaran, calls “a uniquely Canadian stupidity.”

The model implemented by the provinces and territories (except for Quebec) in April 2013 simply sets the price for the six generic drugs at 18 per cent of the price of the brand-name versions. At the time, the premiers, under the auspices of the Council of the Federation, said the six drugs represented 20 per cent of publicly funded spending on generic drugs and that the new spending plan was expected to save up to $100 million.

“The Canadian approach of setting a single price ceiling for multiple medicines is highly unusual,” says the study. “All other countries studied here have preferred competition or negotiation to varying extents.”

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October 16, 2014 - Posted by | Health News Items | , , , ,

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