In its 2020 budget submission to the Ontario government, the Canadian Life and Health Insurance Association is highlighting a lack of access to affordable prescription drugs and inflexible pension plans. With respect to prescription drugs, the CLHIA noted it supports the federal Patented Medicine Prices Review Board reforms, which were introduced on Friday. “It is crucial that the […]
The Patented Medicine Prices Review Board published its new guidelines on Friday. The guidelines, which will take effect on Jan. 1, 2021, aim to modernize Canada’s pricing framework for patented medicines. They explain the steps that will typically be taken by the PMPRB’s staff in assessing whether a patented medicine appears to be priced excessively in Canada. The […]
While medical cannabis coverage is appearing in more benefits plans, most insurers that cover it still have very specific conditions. Sun Life Canada covers the most conditions, at seven, after adding two ailments to its roster in 2019. Marie-Chantal Côté, the insurer’s vice-president of market development for group benefits, says evidence is emerging that shows […]
Medavie Blue Cross is launching a new drug management solution that will offer broader drug coverage while aiming to lower costs for group benefits plan members. The program, Rxperience, offers plan members open access to traditional drug benefits and specialty drug management via increased standardized core benefits, according to a press release. Read: Medavie Blue Cross […]
Benefits by Design Inc. and PocketPills are partnering on a digital pharmacy platform. Through the partnership, group plan members will be able to instantly connect with pharmacists and manage their medications online. PocketPills’ platform includes automation technology that improves the pharmacy workflow, making pharmacists more accessible to patients via phone or live chat, seven days a […]
An upcoming Sun Life Canada drug plan change that will be implemented outside of plan sponsors’ renewal periods is calling attention to the practice of block-level contract amendments. Sun Life is set to implement the first phase of its reference drug program on Oct. 1, which the insurer says will help plan sponsors with drug plan sustainability by creating categories […]
Over the past four years, total drug costs adjudicated by HBM+ have risen from about $1.2 billion to $1.5 billion, while the number of claimants has increased from 1.7 million to more than two million. The inaugural drug trends and strategic insights report by the health benefits manager, a division of Green Shield Canada, examined drug […]
The coronavirus pandemic has altered the landscape of Canadian workplaces. Now, more than ever, communication and compassion are imperative for employees to feel secure and supported by their employers. Before the pandemic arrived in Canada, Hyundai Auto Canada Corp. accelerated its emphasis on mental wellness in January 2020 by tripling its mental-health coverage (from an […]
Claims for medications treating mental-health issues like anxiety and depression reached 97 per cent of 2019’s total claims volume by the end of August 2020, according to new data from Express Scripts Canada. In addition, 2020 has seen a 20 per cent increase in claimants for medications relating to depression compared to 2019. “For the remainder of […]
Canadians received a record $103 billion in benefits from life and health insurers last year, up 60 per cent from a decade earlier, according to the Canadian Life and Health Insurance Association’s annual fact book. The benefits include $53.3 billion in pension annuity payments, $38.1 billion in health benefits for prescription drugs and supplementary health […]