On October 20, 2009, the Alberta Government released the second phase of the Alberta Pharmaceutical Strategy which indicates that the Government will:
- Reduce generic drug prices - the Government states it will reduce the price of new generic drugs from 75 percent of the brand name drug to 45% and announces that its discussions with pharmacists and pharmacies regarding the price reduction will begin this month.
- Faster Access to New Drugs - the Government indicates that it will use product listing agreements with brand name manufacturers to reduce costs, provide faster access to innovative drugs and help fund health research.
- Expand Pharmacists' Roles - the Government indicates that it will work with pharmacists and pharmacies to support them as they shift their focus from dispensing prescription drugs to providing more professional services such as counselling and advising patients. In support of this model, the Government will introduce a new payment model for pharmacists.
More detailed information can be accessed at the following Government website: http://alberta.ca/acn/200910/27147728F7862-B441-C5BC-EFE4D66ADF9D5114.html.