Skip to Main Content

As the rising cost of medicines ripples around the world, a Canadian government advisory panel is recommending the country create an agency to grapple with high drug prices and also develop a national formulary for insurance coverage, but stopped short of saying whether a universal, single-payer system – known as Pharmacare — should be adopted.

Specifically, the panel suggested such an agency would be chartered with evaluating the clinical evidence and cost-effectiveness of prescription medicines, conducting negotiations with manufacturers over prices, overseeing a formulary, and monitoring safety and effectiveness.

Unlock this article by subscribing to STAT+ and enjoy your first 30 days free!