The effects of drug subsidies on out-of-pocket prescription drug expenditures by seniors: regional evidence from Canada
Between 1970 and 1986 all Canadian provinces introduced some version of a prescription drug subsidy for those age 65 or over and since 1986 all the provinces have increased co-payments or deductibles to some degree. Employing a first-order approximation to the welfare gains from a subsidy, we find evidence that these subsidies have been less redistributive than an absolute per household cash transfer but slightly more redistributive than a transfer that would increase each household’s income...[Show more]
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