Friday 18 January 2013

Canada provinces set strict caps on generic drug prices

TORONTO (Reuters) - Canada's provinces and territories have agreed to tighter caps on the prices of six of the most widely prescribed generic drugs, and that's just the beginning of a coordinated effort to hold down costs, Saskatchewan Premier Brad Wall said on Friday. Aiming to cut high cost of generics for private and government health programs in Canada, the jurisdictions will allow drugstores to charge no more than 18 percent of the price of the brand-name equivalent. "This is a start. ... via Health News Headlines - Yahoo! News Read More Here..

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