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"Allowances" given Ontario to pharmacists by generic drug companies are to be eliminated said the province's health minister Deb Matthews on Wednesday.
The idea is that the annual $750 million "subsidy" is to be used to pay for services to patients but even the pharmacists concede that 70% of the money is treated as rebates to fund operations and hike profits. Ms Matthews suggests ending the practice could reduce the cost of generics by half. To compensate, the minister suggested that the government will increase dispensing fees by $1 -- to a total of $150 million to offset the reduction.
Donnie Edwards, a pharmacist in Ridgeway, Ontario thinks not:
"When you take $3 out and put $1 back in... I don't think so. These dollars were used for professional services that pharmacists do everyday, in every town in this provinces"
Research based pharmaceutical companies support the change. Russell Williams, president of Rx&D, the companies' association, said: "As partners in the health care system, we want to work with the government and health care providers to ensure that patients have access to the most appropriate treatment… through timely access to innovative medicines and vaccines… ."
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Posted by David Elkins and others at 6:46 PM
Posted by David Elkins and others at 12:37 PM