3 ms·
> Prices are low in Canada because they have the negotiating power of the entire country behind their single payer system driving prices down. This is not corr
by msbarnett 7y ago
> Prices are low in Canada because they have the negotiating power of the entire country behind their single payer system driving prices down.
This is not correct for a variety of reasons, first and foremost that the Canadian healthcare system (systems, really, each province administers its own) do not cover drugs in most cases. There are public programs for low income earners, otherwise it's out of pocket or covered by private insurance.
The real answer is simply that there are legal caps on pricing for most patented medicines, as a condition of being patented.