Home » Canadian Panel Calls on Government to Create New Agency for Drug Pricing
Canadian Panel Calls on Government to Create New Agency for Drug Pricing
March 14, 2019
A Canadian government advisory panel is calling for the creation of a new agency to negotiate prescription drug prices.
In an interim report, the Advisory Council on the Implementation of National Pharmacare — established in 2018 to offer independent advice on introducing public coverage of prescription drugs — called national spending on prescription drugs “unsustainable,” with annual spending expected to surpass $50 billion by 2028.
The proposed national drug agency would negotiate with manufacturers on drug pricing, monitor prescription drugs’ real-world safety and effectiveness, and develop and manage a national formulary.
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