Morneau seeks drug plan that won’t ‘throw out’ current system
Finance Minister Bill Morneau is signalling he won’t introduce a big-ticket universal plan to cover drug costs, opting instead for a cheaper solution that helps the uninsured.
Morneau announced the creation of an Advisory Council on the Implementation of National Pharmacare in his budget on Tuesday. On Wednesday, he drew a distinction between a “pharmacare strategy” and a “pharmacare plan,” saying he wants the former and doesn’t want to totally upend the current system that includes companies like Manulife Financial Corp. and Great-West Lifeco Inc., which is controlled by Power Corp. of Canada.
A strategy and a plan “are two very different things,” Morneau told a breakfast audience in Ottawa. “We recognize that we need a strategy to deal with the fact that not everyone has access, and we need to do it in a way that’s responsible, that deals with the gaps, that doesn’t throw out the system that we currently have.”