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With healthcare costs continuing to rise, generic drugs are looking more attractive than ever. The prospect of getting the same drug at a lower cost is tempting to anyone with a large drug bill -- patient or insurer alike. The savings are massive: Lipitor lost patent protection last month -- it was a $10 billion drug, and the generic versions are priced at a fraction of the original cost. In 2012, Plavix and Seroquel, two other blockbusters, will lose patent protection too -- that's another ...[more]
The price of generic drugs in British Columbia will drop to 35 per cent of the brand price, resulting in up to $380 million a year in total savings, following an agreement by the Province with the B.C. Pharmacy Association and the Canadian Association of Chain Drug Stores (CACDS). "We are lowering generic drug prices and making improvements to our drug system to benefit all British Columbians," said Health Services Minister Kevin Falcon. "Quite simply, we were paying too much for some of ...[more]
Canada drugstores are quickly becoming the popular alternative to overpriced American pharmaceutical companies. Canadian prescription medication is routinely much lower-priced than the equivalent medicine in America. There is a reason for this: the Canadian government simply won't allow its citizens to pay the high drug prices that Americans pay. To enforce this value, the Canadian government has placed price caps on pharmaceuticals so that companies cannot charge consumers more than a ...[more]