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Prescription Drug Prices in Canada and the United States, Part 2:Why the Difference?

Type: Research Studies
Date Published: September 1, 2000
Authors:
Research Topics:
Health
Canada's lower prescription drug prices are the result of a lower standard of living relative to the United States, not because of Canadian drug price regulation.

These are the findings of two new studies, Prescription Drug Prices in Canada and the United States, Part 1: A Comparative Survey , and Part 2: Why the Difference? , released today by the Fraser Institute. High American prescription drug prices result primarily from America's position as the world's most productive and wealthiest country.

The American attitude to Canada is generally thought to be one of benign neglect. However, there is one area where many Americans pay close attention to the Canadian scene: the differences in prices of prescription drugs in the two countries. Because prescription drugs are thought to be cheaper in Canada than they are in the United States, many American politicians are proposing that a Canadian-style regulation of drug prices be adopted.
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