Fair Drug Prices

Prescription medications (drugs) are essential to maintain and restore your health. If you are unable to afford your prescription medication and go without them, more serious medical conditions and/or loss of time from work may result. Through the Drug Product Interchangeability and Pricing Act [PDF | 132 KB], the Fair Drug Prices initiative works with community pharmacists and PEI Pharmacare to reduce the cost of generic drugs used in public drug programs. 

How do I receive fair drug prices?
Medications covered through PEI Pharmacare and its drug programs, are subject to the Fair Drug Prices initiative.  

What are benefits of the Fair Drug Prices initiative?

Even if you are not receiving medication through any public drug program, money saved will be reinvested to:

  • ensure Islanders have access to pharmacy services in their communities;
  • ensure Islanders continue to have access to the drugs they need;
  • ensure pharmacy owners are fairly compensated for service provided to the public drug program recipients; and
  • benefit the health system overall.

What is a generic drug?

Generic drugs are less costly versions of the brand name drug. Both the generic and brand name drug must contain exactly the same medicinal ingredients. Learn more about PEI's Generic Drug Program.

Are generic drugs safe?

Generic drugs are reviewed and approved by Health Canada and must follow the same processing standards as brand name drugs. Studies must be conducted and show the generic drug works the same way in the body as the original brand name drug does before it can be approved for use.

Are there any side effects to using generic drugs over brand name drugs?

If you are allergic to ingredients such as lactose, gluten, sulfates, or food dyes, check with your pharmacist before you take any medication for the first time. Both brand name and generic drugs may contain non-medicinal ingredients to which you may be allergic.

What other resources are available to me?

Other provinces in Canada have implemented drug pricing regulations for their public drug programs:

How can I contact PEI Pharmacare?

PEI Pharmacare
16 Fitzroy Street
Sullivan Building
Charlottetown, PE   C1A 7N8

Telephone: (902) 368-4947
Toll free: 1-877-577-3737 

 

Published date: 
March 1, 2016
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Phone: (902) 368-6130
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healthpei@gov.pe.ca

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