N環球 
Ottawa to invest over $32M over three years to renew PEI prescription drug program
The federal government and Prince Edward Island announced in Charlottetown today their intention to invest over $32 million over three years to renew the Improving Affordable Access to Prescription Drugs (IAAPD) program, which has saved Islanders $13.8 million since 2021.
Why it matters
IAAPD directly cuts what Islanders pay out of pocket for medicine: since its 2021 launch, more than 100 drugs have joined the public formulary, and lower copays on common cardiovascular, diabetes and mental-health drugs have saved residents over $9 million — about 70% of it for seniors. The renewal keeps those gains from expiring next year.
Full report
Heath MacDonald, Minister of Agriculture and Agri-Food (on behalf of Health Minister Marjorie Michel), PEI Premier Rob Lantz and PEI Health Minister Cory Deagle announced on Friday (Oct. 2) in Charlottetown that the federal government intends to invest over $32 million over three years to support IAAPD in PEI.
Launched in 2021, IAAPD received $35 million in its first round (2021-22 to 2025-26) to expand PEI's public drug formulary and lower residents' out-of-pocket costs. As of March 2025 it had saved Islanders $13.8 million. More than 1,200 Islanders have also received no-cost treatment for alcohol and opioid use disorders through the program, and the province's Community Mental Health Program expanded free coverage of newer second-generation antipsychotic medications.
Health Minister Marjorie Michel said the renewed federal funding will help PEI maintain its public drug coverage improvements and keep delivering savings for Islanders.
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