There is a medication available now, which has been approved by Health Canada--it's called Lucentis--but it has not yet passed through the common drug review. This is a particular medication that arrests a very particular type of AMD--wet AMD. A much smaller number of people actually have wet AMD. I can tell you that Veterans Affairs has Lucentis on its formulary, and it will pay for it.
On February 5th, 2008. See this statement in context.