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> The reason drugs in Canada are cheap is because the provinces negotiate the prices, not because they socialize the costs. This is false. The reason they are
by smnrchrds 6y ago
> The reason drugs in Canada are cheap is because the provinces negotiate the prices, not because they socialize the costs.
This is false. The reason they are cheaper in Canada is that the federal government sets the prices based on average price in a list of comparable countries and forces the manufacturers to follow it.
https://www.cbc.ca/news/health/prescription-drug-prices-1.3239317 https://www.cbc.ca/news/health/prescription-drug-prices-1.32...
- arcticbull 6y agoYes, the government negotiates with the manufacturers, sets the price, and if they don't come to an agreement the drug cannot be sold in Canada. That's in line with what I said. Fine, it may need an overhaul, however, it's dramatically more functional than the literally nothing the US does.
- smnrchrds 6y agoTo the best of my knowledge, there is no negotiation. The federal government sets the prices unilaterally and forces the manufacturers to follow it.
- arcticbull 6y agoSounds like a strong negotiation tactic ;) but point taken.