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Thursday, March 22, 2012

Province Capping Cost Of Generic Prescription Drugs


New Brunswickers will no longer be paying higher prices than elsewhere in the country for generic prescription drugs.
Health Minister Madeleine Dube says that's unfair -- so after about a year of consultations with the public and pharmacies - Dube says the price of generic drugs will be capped at 40-percent of the cost of brand names beginning June 1st - that will drop to 35-percent by December 1st.
The minister says the move will mean a savings of 16-million a year - six million of that will be funnelled to the pharmacies as part of the deal negotiated.