Drug prices almost double in Canada: Study

Prices for generic prescription drugs in 2007 were 112 per cent higher than United States
By Sarah Dobson
|hrreporter.com|Last Updated: 10/31/2008

Prices for generic prescription drugs in Canada are more than twice as high as those in the United States, according to a study from research organization the Fraser Institute. Canada’s Drug Price Paradox 2008 finds Canadian prices for generic prescription drugs in 2007 were on average 112 per cent higher than U.S. prices for identical drugs (compared to 2003 when Canadian generic prescription drugs were 78 per cent higher).

At the same time, Canadian prices for brand-name prescription drugs in 2007 were 53 per cent lower than American prices (compared to 2003 when they were 43 per cent lower).