Generic drugs represent the only component of Canadian healthcare in which costs are decreasing. On March 29, more than 100 plan sponsors, group insurers and consultants met in Toronto to discuss opportunities for generic drugs to increase cost savings for all healthcare stakeholders. The half-day Value of Generic Drugs Symposium, held at the Fairmount Royal […]
The healthcare landscape has drastically evolved since employers started implementing drug plans, but employers—and their consultants—have been slow to adapt to those changes, and their drug plans are now paying the price. “Changes in the market have been substantial, but plans haven’t changed too much. We need to evolve the plans more. Employers need to […]
A University of British Columbia (UBC) study shows that there are enough pharmacies situated throughout Ontario communities to absorb many closures without negatively affecting geographic accessibility for residents. The research suggests concerns that reducing generic pricing could result in pharmacy shortages are unfounded. Last summer, the Ontario government cut the price of generic drugs by […]