opinion
Canadians pay far less for prescription drugs than Americans do, but new drugs also take much longer to come to Canada.
David Clement is the North American affairs manager for the Consumer Choice Center.
As Canadians, we’ve long prided ourselves on the fact that prescription drugs cost us a fraction of what our American neighbours pay. But U.S. President Donald Trump ’s revived “Most Favoured Nation” drug-pricing policy , announced in May, could upend this delicate balance.
The executive order aims to cap U.S. Medicare payments for drugs at the lowest prices paid by other developed countries, including Canada. While it promises relief for Americans burdened by sky-high costs, it also risks slowing global pharmaceutical innovation, delaying Canadians’ access to life-saving