finanzen.net
19.03.2019 23:12
Bewerten
(0)

CGPA Welcomes Progress Towards National Pharmacare in Federal Budget 2019

DRUCKEN

TORONTO, March 19, 2019 /CNW/ - The following is a statement by Jim Keon, President of the Canadian Generic Pharmaceutical Association (CGPA), on Federal Budget 2019:

Canadian Generic Pharmaceutical Association (CNW Group/Canadian Generic Pharmaceutical Association)

"The Canadian Generic Pharmaceutical Association (CGPA) and its member companies welcome the announcement in Budget 2019 that the Government of Canada intends to move forward with measures outlined in the interim report from the Advisory Council on the Implementation of National Pharmacare, which was released earlier this month.

The CGPA supports efforts to improve prescription drug coverage for Canadians. The use of generic prescription medicines is key to the affordability of a national pharmacare program for Canadians, no matter what model is implemented, and must be a central component of a national formulary for prescription drugs.

Making prescription drugs more affordable and accessible is the key value proposition of the generic pharmaceutical industry. Generic prescription medicines are dispensed to fill nearly 72 percent of all prescriptions in Canada but account for only 20 percent of the $29-billion Canadians spend annually on prescription medicines.

It is estimated that for every one percent increase in the use of generic medicine, Canadians would save an additional $527-million. In the United States, generics were dispensed to fill 90 percent of all prescriptions. If the use of generic medicines in Canada were equal to U.S. levels, Canadians would save an additional $10-billion annually.

All Canadian governments, with the exception of the Government of Quebec, have combined their purchasing power to negotiate massive cuts to generic drug prices through the pan-Canadian Pharmaceutical Alliance (pCPA). It is estimated that the pCPA Generics Initiative will save governments up to $3-billion over its five-year term. These pCPA negotiated generic prices are transparent and available to all patients and payers in Canada, whether they are covered by a public or private drug plan or pay for their prescriptions out-of-pocket. In July 2017, CGPA and the Government of Quebec agreed to a separate initiative that includes similar savings.

The ongoing sustainability of our health-care system and drug benefit plans is highly dependent on the increased use of generic prescription medicines. Now that Canadian prices have been dramatically cut, more must be done to increase generic utilization and the resulting savings to Canada's health-care system.

The CGPA also welcomes the federal government's renewed commitment to regulatory harmonization initiatives and looks forward to the publication of the 'Regulatory Roadmap' for health and bio-sciences to better understand how the federal government plans to address ongoing issues and irritants in the generic pharmaceutical sector."

About the Canadian Generic Pharmaceutical Association
The Canadian Generic Pharmaceutical Association (CGPA) represents Canada's generic pharmaceutical industry. The industry plays an important role in controlling health-care costs in Canada. Generic drugs are dispensed to fill 72 percent of all prescriptions but account for account for only 20 percent of the $29-billion Canadians spend annually on prescription medicines.

SOURCE Canadian Generic Pharmaceutical Association

Anzeige
Anzeige
Börse Stuttgart Anlegerclub

Die richtige Strategie für die Börsenkrise

Stecken Sie nicht den Sand in den Kopf, sondern kaufen Sie die richtigen Aktien. Erfahren Sie im aktuellen Anlegermagazin mehr über attraktive Qualitätsaktien und zyklische Aktien
Kostenfrei registrieren und lesen!

Heute im Fokus

DAX schließt leichter -- Deutsche Bank & Commerzbank: Fusion gescheitert -- Wirecard steigert Umsatz -- Bayer übertrifft Erwartungen -- Nokia, Delivery Hero, Tesla, Facebook im Fokus

Microsoft übertrifft Erwartungen und knackt Billionen-Marke. Bristol-Myers Squibb startet stark ins neue Jahr. 3M patzt im 1. Quartal und will 2.000 Jobs streichen. Harter Winter drückt bei UPS auf den Gewinn. Flugverbot für Boeing-Jets treibt Kosten bei Southwest Airlines nach oben. WACKER CHEMIE mit Verlust im 1. Quartal - Ausblick bestätigt.

Die 5 beliebtesten Top-Rankings

Die beliebtesten Arbeitgeber in Deutschland
Hier gibt es die beliebtesten Jobs
Die zehn größten Kapitalvernichter
Hier wurde am meisten Anlegergeld verbrannt
DIe innovativsten Unternehmen
Diese Unternehmen sind am fortschrittlichsten
Das hat sich geändert
Diese Aktien hat George Soros im Depot
Diese Aktien hat Warren Buffett im Depot
Einige Änderungen unter den Top-Positionen
mehr Top Rankings

Umfrage

Der Bitcoin konnte wieder über die Marke von 5.500 Dollar klettern. Wo sehen Sie den Kurs der Kryptowährung Ende 2019?

Online Brokerage über finanzen.net

finanzen.net Brokerage
Handeln Sie für nur 5 Euro Orderprovision* pro Trade aus der Informationswelt von finanzen.net!

ETF-Sparplan

Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
Zur klassischen Ansicht wechseln
Kontakt - Impressum - Werben - Pressemehr anzeigen
Top News
Beliebte Suchen
DAX 30
Öl
Euro US-Dollar
Bitcoin
Goldpreis
Meistgesucht
Wirecard AG747206
CommerzbankCBK100
Deutsche Bank AG514000
BayerBAY001
Amazon906866
Daimler AG710000
SAP SE716460
TeslaA1CX3T
Facebook Inc.A1JWVX
Apple Inc.865985
BASFBASF11
SteinhoffA14XB9
Aurora Cannabis IncA12GS7
Allianz840400
Microsoft Corp.870747