With all the talk about the health insurance and drug coverage of our neighbours south of the border, it’s easy for Canadians to believe that our universal health coverage will protect us should something go wrong. Unfortunately, this is not always the case. Finding this out too late can cost you an incredible amount of money, and in the worst case scenario, your life.
While it’s true that Canada has helpful universal health care, our country does not have universal drug coverage. If you do not have a health insurance plan (either through your work or a personal health insurance policy such as a plan from Medavie Blue Cross), you will have no choice but to pay the high cost of drugs here in Canada. In fact, every year Canadians pay $6 billion out of pocket for prescription drugs. That’s a number we want to see change.