Universal drug plan could cut spending by $7.3 billion

A national pharmacare program wouldn’t break the bank and should in fact save taxpayers billions of dollars, a new analysis suggests.

Spending on prescription drugs in Canada could drop by 32%, or $7.3 billion, if the country adopted a universal public drug plan, the authors said in the article, published Monday in the Canadian Medical Association Journal.

They noted that Canada is the only country with universal healthcare that does not also have universal coverage for prescription drugs.

Read more