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All countries struggle with the rising price of drugs, however in 2017 Canada paid the third highest prices for brand name medicine and the seventh highest prices for generic medication among the many 34 countries of the OECD.
Supreme Court Justice Emmett Hall was appointed to guide the commission in 1961 and his final report laid the groundwork for common, public medical health insurance introduced via the Medical Care Act in 1966. Justice Hall said that in view of the excessive cost of most of the new life-saving, life-sustaining, and disease-preventing medicines, prescription drugs should be launched as a benefit of the public well being companies program.” The report advisable federal and provincial governments work together to introduce a public drug profit and referred to as on the federal authorities to pay for 50 per cent of the program via grants to the provinces. He additionally recommended the drug profit be accessible to all Canadians at a price of $1 per prescription (equal to roughly $eight as we speak).