Improving Affordable Access to Prescription Drugs in Prince Edward Island

The Government of Prince Edward Island (PEI) has been working with the Government of Canada since August 11, 2021 on a demonstration project to provide PEI residents better access and more affordable prescription drug choices. The agreement, signed in March 2022, provides $35 million in funding to PEI over 4 years (2021-22 to 2024-25). PEI's drug formulary is not as extensive as other provinces and territories, and residents face high co-pays and deductible amounts in some of its current drug programs. The Improving Affordable Access to Prescription Drugs Demonstration Project (the Project) includes initiatives designed to make it easier for PEI residents to access and afford medications. This Implementation Plan describes activities over the next three years. Activities will occur in stages with time to measure results and impact and allow for changes to be made when necessary. The $35M represents a first step towards supporting improved affordability and accessibility for PEI residents. These funds, while significant, will not be able to support all program and formulary changes that residents may be seeking to address their health care needs; however, this funding represents an opportunity to make improvements and explore future developments. The Government of Canada may use the learnings from this Project to inform ongoing work to advance national universal pharmacare. This Implementation Plan is flexible to allow for adjustments to activities over time. PEI will monitor changes to its prescription drug coverage and will measure the impacts as progress is made. More information on the PEI Pharmacare programs is available at PEI Pharmacare | Government of Prince Edward Island.

II. Areas of Activity