Because Canada has a socialism based health care system, they buy the drugs in huge massive bulk. Since they do that, they can negotiate the prices down. They pass on those expenses by taxing the hell out of people.
Not quite right ,Sonny.
The income base in Canada is about 30% on the first 60000.00. Each adult is exempt on the first 7500. Then you can deduct 18% or 13,500., which is ever is the lessor for your Registered Retirement Plan.
Your RSP is self administered, and guaranteed by the bank.
It earns interest tax free, until you are 69 years old. At that time you pay tax on whatever amount you take out.
In Alberta I pay about 45.00 a month, which covers everything. When I had a family of four, it was 220.00 every three months. You have to pay 25% of your drugs. up to 25.00 per prescription.As far as waiting to go to the hospital, you will have to wait for elective surgery.
You can call it what you want, but there isn't a better health care system in the world. The biggest amount of it is paid for by the Federal and Provincial Govts. This is merely giving the people back some of the taxes they have collected. Regards
Sadly, we in the US pay the R&D costs for the latest drugs. It isn't the socialization, its price controls in Canada. While I'm not one to favor price controls, I wouldn't mind if it were illegal to sell a drug in the US for a higher price than it is sold for elsewhere. I'm not saying to dictate how much any company can charge - I'm saying (or at least proposing) that drug makers cannot sell in the US for a price higher than the same product is sold elsewhere. That's all.