The latest edition of the Patented Medicine Prices Review Board (PMPRB) CompassRx report shows that prescription drug expenditure for public drug plans grew by 7.4% in 2022/23 to reach $14.1 billion, compared to $13.2 billion in 2021/22. Drugs costing over $10,000 annually accounted for over one third of total drug costs for the public drug plans and were only used by 3% of beneficiaries. The 10 highest-cost drugs were rare disease treatments that each had annual treatment costs exceeding $300,000.
The PMPRB reports on pharmaceutical trends through publications such as CompassRx. The findings from this report will inform policy discussions at the provincial/territorial level, and aid decision makers in anticipating and responding to evolving cost pressures that have an impact on public drug plans. The study includes all provincial public drug plans (with the exception of Quebec), as well as Yukon. These plans account for approximately one third of the total annual spending on prescription drugs in Canada.
CompassRx provides insight into the factors driving prescription drug expenditures in select Canadian public drug plans. This edition focuses on the 2022/23 fiscal year, where increased use of higher-cost drugs continued to be the main factor driving growth.
