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Saturday, May 26, 2012

Generic Drugs Will Soon Cost Less in NB

Generic drugs will soon be getting considerably cheaper: starting June 1, the NB Government will start capping prices at 40% of brand prices. According to health Minister Madelaine Dube, NBers are paying more than other Canadians. Previously NBers could be paying as much as 50 to 70% of the price of brand-name medications.

The plan is projected to save the province $10 million dollars in the first 10 months after it's put into action. Some of that money will be used to improve the existing services and make them more accessible.