While health care issues such as the rising costs
of hospital and physician services are at the forefront, there are other medical
expenses that are not getting the attention they should. As it stands,
Canadians pay some of the highest prices for prescription drugs in the world.
And now there are new high-end drugs entering the market that will make it even
more worrisome for those without private health care plans. The provincial governments absorb most or all drug
costs for seniors and those who are on social assistance, but the average
household with an income of less than $30,000 will definitely feel the weight
of price increases on drugs.
Presently, the provinces are working together
through the Council of the Federation on brand drug and generic drug price
reform. Private Canadian insurers have been involved in creating a national
drug pooling agreement that would offer some protection to insured members of
their drug plans from the negative impact of recurring high-cost prescription drugs.
Visit the CAA Health & Dental website for information on health insurance that offers prescription drug coverage options.
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