MIMM 387 Lecture : april 2 2012.docx
Document Summary
It is the same group reviewing (federal government). Health care in terms of delivery is under provincial jurisdiction. So the right to health care is a national one, and the delivery is provincial. If you look at units (on the left), in terms of units the amount of generic usage and brands is. Products that are still under patent protection have little or no cost control, and a lot of these are biologics. So we are no longer talking about the traditional molecules. Due to the erosion of prices that has happened, generics price has dropped. Since 2010, prices has dropped by another 25%. In the 2010-2011 budget for ontario, 45% was health care. Remember, they need to buy a lot of other things as well. It is estimated that at the rate it is going, at 12 years it is 70% of the provincial budget.