Question

In: Economics

Sample questions for Econ 3308-W 2020 In the February 2018 spring budget, the federal government announced...

Sample questions for Econ 3308-W 2020

  1. In the February 2018 spring budget, the federal government announced the creation of the Advisory Council on the Implementation of National Pharmacare, and by June 2018, the seven-member council was launched chaired by Eric Hoskins, MD. The final finding of the Advisory Council was published in June 2019. The report contains many proposals and 60 recommendations. Some of the highlights are listed below:
  • we are recommending the federal government work with provincial and territorial governments and stakeholders to establish universal, single-payer, public pharmacare in Canada.
  • We propose that the government enact national pharmacare through new legislation embodying the five fundamental principles in the Canada Health Act:
  • Universal: all residents of Canada should have equal access to a national pharmacare system;
  • Comprehensive: pharmacare should provide a broad range of safe, effective, evidence-based treatments;
  • Accessible: access to prescription drugs should be based on medical need, not ability to pay;
  • Portable: pharmacare benefits should be portable across provinces and territories when people travel or move; and
  • Public: a national pharmacare system should be both publicly funded and administered.
  • The National Pharmacare would start with the creation of a Canadian Drug Agency (preliminary funding for an agency was announced in the 2019 federal budget). Among the agency’s first tasks would be to create a national formulary.

  1. What are the proposed timeline for these implementations and, what is the recommendation(s) for the creation of “National Formulary”.
  2. Identify and explain three (out of 60) of the recommendations?
  3. What was your criteria for choosing those three?
  4. In your opinion, is there any subject or issue missing in this report? Could you explain?

Solutions

Expert Solution

From the above passage we can infer solutions to the questions:

a. The timeline set by the advisory council for implementation of these schemes are after the publishing of their final findings that is after June 2019. Optimistically evaluating, these schemes should be for public use by mid of 2020.

The recommendations for the National Formulary are:

  1. The Drug Advisory Council recommends the national formulary be evidence-based and comprehensive in order to offer patients with the most effective treatment choices.
  2. The council also recommends that the national formulary include prescription drugs that treat both physical as well as mental health conditions.
  3. The Drug Advisory Council recommends the national formulary to provide appropriate treatment options for people from all grounds irrespective of age, race, ethnicity, sex and gender identity,thereby catering to all the Canadians
  4. The Drug Advisory Council also recommends the national formulary to include prescription drugs that respond to the specific and unique needs of children and youth, in addition to developing a strategy to address the availability of approved drugs and formulations for them.

b. The 3 recommendations which I felt the most vital are listed:

  1. The council recommends the Canadian drug agency create and implement a national strategy on appropriate prescribing to support prescribers and help patients better understand the pharmaceutical treatment choices available to them.
  2. The council recommends federal, provincial and territorial governments regulate pharmaceutical industry payments to health care providers, institutions and patient groups, beginning with mandatory public disclosure of all such payments.
  3. The council recommends the federal government provide long-term, adequate and predictable funding to provinces and territories sufficient to cover the incremental costs of national pharmacare.

I have referred to online resources to list out these recommendations. In case you are interested in reading all the recommendations, refer to the URL below

https://www.canada.ca/en/health-canada/corporate/about-health-canada/public-engagement/external-advisory-bodies/implementation-national-pharmacare/final-report.html#5.4

The first recommendation draws in the need to educate the patients with regards to pharmaceutical treatment choices available to them so that they are catered with the best service possible, and they actually know about it.

The second recommendation tries to implement payment regulations for obvious reasons like maintaining transparency and protect the consumers against hefty pricing.

The third recommendation urges the federal government to provide a good funding to the territories so that latter is not stranded to cover the excessive costs incurred.

c. My main criteria for choosing these 3 is very simple: the urgency. Yes, how urgently these recommendations are to be implemented by the Drug Council. If you observe my solution in the previous section, you will get to know the urgency I have stressed upon.

d. The report is too brief. It could have positively contained some of the vital recomendations I have mentioned to give an intuitive overview of the urgency to set up National Pharmacare, and how these recommendations protects the citizens' rights on the long run in the purview of healthcare.

If You are satisfied with the solution, do give a thumbs up. Cheers!


Related Solutions

Sample questions for Econ 3308-W 2020 16. In your opinion, what are the effects of legalizing...
Sample questions for Econ 3308-W 2020 16. In your opinion, what are the effects of legalizing marijuana in Canada, on the Canadian economy and our healthcare system?
Sample questions for Econ 3308-W 2020 3. To be effective, a national drug policy should be...
Sample questions for Econ 3308-W 2020 3. To be effective, a national drug policy should be affordable, accessible, sustainable, and transparent. In your opinion, what obstacles prevent Canada from achieving these goals? What solutions do you recommend to minimize the effects of these obstacles?
Sample questions for Econ 3308-W 2020. 15. According to the latest data, there are approximately 7.3...
Sample questions for Econ 3308-W 2020. 15. According to the latest data, there are approximately 7.3 million obese adults and more than 600,000 obese school-aged children in Canada. Prevalence estimates based on waist circumference are even worse as 37% of adults and 13% of youth are abdominally obese. Obesity therefore, creates a large burden on Canada’s health cost and the economy. Comment.
Sample questions for Econ 3308-W 2020 Canadians pay too much for generic drugs. Comment.
Sample questions for Econ 3308-W 2020 Canadians pay too much for generic drugs. Comment.
Sample questions for Econ 3308-W 2020 The lack of public prescription drug coverage in our health...
Sample questions for Econ 3308-W 2020 The lack of public prescription drug coverage in our health care system makes Canada an international outlier, and erodes access to critical medications – particularly for Canadians who aren’t covered by extended health insurance through their jobs. Millions of Canadians have to pay for prescription drugs out-of-pocket. And the evidence suggests one in ten Canadians are not filling prescriptions because of costs, including more than 26% of those without extended health insurance. Comment.
Sample questions for Econ 3308-W 2020 Why should generic drugs matter to Canadians? Discuss the issue.
Sample questions for Econ 3308-W 2020 Why should generic drugs matter to Canadians? Discuss the issue.
Sample questions for Econ 3308-W 2020 8.if there’s a health care lesson from Europe, it’s that...
Sample questions for Econ 3308-W 2020 8.if there’s a health care lesson from Europe, it’s that we can and should have a much broader scope of public health coverage in Canada. Evidence shows that we can have a more just, equitable and comprehensive universal health care system that costs less and provides higher quality care for all. Comment.
On February 24th, 2020, MU University Board of Visitors announced that Dr.Washington was selected as the...
On February 24th, 2020, MU University Board of Visitors announced that Dr.Washington was selected as the university’s eighth president. In a Washington Post article, Dr. Washington mentioned that he was a first-generation college student. It is known that 39% of MU students are the first in their families to attend college. A random sample of ten STAT 250 students were asked the question, “Are you a first-generation college student?” 1. Check if this situation fits the binomial setting. Write four...
ECON 2305 Effects of a government budget deficit Consider a hypothetical open economy. The following table...
ECON 2305 Effects of a government budget deficit Consider a hypothetical open economy. The following table presents data on the relationship between various real interest rates and national saving, domestic investment, and net capital outflow in this economy, where the currency is the U.S. dollar. Assume that the economy is currently experiencing a balanced government budget. Given the information in the preceding table, use the blue points (circle symbol) to plot the demand for loanable funds. Next, use the orange...
4) a. Suppose that the Federal Government under Donald Trump Administration announced a tax rebate of...
4) a. Suppose that the Federal Government under Donald Trump Administration announced a tax rebate of $500 for all individuals filing singly and $1000 for all families filing jointly or as head of household in the upcoming tax year. Further, suppose that the Government budget included a broad-based reduction in Government spending on goods and services, whose total amount was equal to the total amount of the tax rebates. What would be the overall impact on AD of this policy...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT