Quebec Threatens to Lower Drug Costs on its Own

Mar 30, 2017

Bloomberg

Quebec will push to enforce a new law that allows the province to seek lower drug prices through a bidding process, unless pharma companies take action.

Quebec's Health Minister says the government hasn't taken action on the law because it is waiting for pharma companies to present alternative solutions. The government will act on the law by the end of the parliamentary session in mid-June, says Health Minister Gaetan Barrette.

In the U.S., President Trump has indicated that he wants to add a drug-bidding measure into the Republican healthcare bill.

Last month, U.S. democrats proposed legislation that would look to lower prescription drug prices by allowing Americans to import medicine from Canada.

Read the Bloomberg article