P.E.I. gets $32M to keep prescription drugs more affordable for Islanders

Source: Prince Edward Island - Regional News
Date: 2026-10-02 13:45:09.0
Tags: [Prince Edward Island, Healthcare, Affordability, Seniors]

The federal and Prince Edward Island governments are investing more than $32 million over three years to extend the Improving Affordable Access to Prescription Drugs Program (IAAPD). Operating since 2021—when it previously received $35 million—the program has expanded P.E.I.'s public drug formulary to include more than 100 new medications such as cancer and heart disease treatments. As of March 2025, the initiative has saved Islanders $13.8 million total, including over $9 million through reduced copayments on cardiovascular, diabetes, and mental health medications, with roughly 70 per cent of those savings benefiting seniors. Additionally, the funding supports substance-use treatment through the Substance Use and Harm Reduction Program and covers second-generation antipsychotic medications for long-term psychiatric patients.