Thursday, May 17, 2007

$21B spent on drugs in Canada in 2006: report

From CBC News:
Spending on prescribed drugs in Canada reached an estimated $21.1 billion in 2006, up $1.4 billion from the previous year, although spending seems to be slowing, according to a report released Tuesday.

The Canadian Institute for Health Information's annual report, Drug Expenditure in Canada, highlights trends in public and private spending on both prescribed and non-prescribed drugs from 1985 to 2006.

Prescribed drugs have been one of the fastest-growing components of total health spending over the past two decades and continue to outpace most other health sectors, including spending on hospitals," said Michael Hunt, manager of pharmaceutical programs at the institute. ...more

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