The total amount that’s shown on your prescription drug bill is made up of a number of charges. Here are the costs that make up the full price of a prescription drug:
Total amount billed for a drug =
Drug cost (price paid by the pharmacist to obtain the drug)
+ Mark-up (% of the drug cost charged by the pharmacist to cover, among other things, the pharmacy’s operating expenses)
+ Dispensing fee (fees charged by the pharmacist to cover their professional services)
The ‘drug cost’ is normally the same in all pharmacies, but pharmacists’ mark-ups and dispensing fees can vary a great deal. It’s in your best interests to shop around and compare prices at the different pharmacies in your area.
Because of these price differences, we set caps on pharmacy mark-ups and dispensing fees based on the average amounts submitted by all the pharmacists in your province.
It’s important to remember that price isn’t everything; your relationship with your pharmacist is also important. The goal is to strike a good balance between cost and quality service.
Learn more about prescription drug insurance