OTTAWA — The parliamentary budget officer says a single-payer universal drug plan would cost federal and provincial governments an additional$11.2 billion in the first year of the program, and $13.4 billion in the fourth year.
Currently, Canadians pay for their prescription drugs through a mix of public plans, private insurance and out-of-pocket spending. However the report also said such a plan would lead to economy-wide savings even though it estimates the use of prescription drugs would rise 13.5 per cent. The economy-wide savings calculation does not take into account potential health care system savings from the rise in prescription drug use. Giroux said his office does not take on those kinds of cost-benefit analyses, which can be challenging to do.
"We urge the Liberal government to introduce legislation for a public, universal, comprehensive pharmacare program without delay."
Source: Financial Digest (financialdigest.net)
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