Quebec has made headlines over the past week by proposing to move to a tendering process for generic drugs in an effort to reduce the $800 million per year it says it spends on generics. But if the tendering of generics does become reality — and that’s a big if — it’s not necessarily going to […]
As technology and heightened customer expectations spur demand for change in life and health benefits, the Canadian Life and Health Insurance Association is aiming to be “proactive and lead the discussion” on significant issues facing the industry, according to its new president and chief executive officer. There are many questions about big data, says Stephen Frank, […]
The cost of multi-employer health plans in the United States has increased consistently over the past decade, rising at an average of 4.8 per cent per year, according to a new study. The study, published by the International Foundation of Employee Benefit Plans and Horizon Actuarial Services, also found the median cost of benefits per participant […]
Canadian digital benefits platform League is expanding into the United States, with plans to be in the largest 10 metropolitan areas by the summer of 2018. “We thought, from the beginning, we would be a better fit for the U.S. market,” says League founder Mike Serbinis, citing the need for prevention, health and wellness services given […]
WINNIPEG — While traditional insurance companies and some of the disruptors coming on the scene would presumably be fierce competitors, there’s lots of room for them to work together, participants at the Canadian Pension and Benefits Institute’s national forum heard. “The insurance companies are late bloomers when it comes to the digital world,” said Lisa […]
Among the findings of the 2017 Sanofi Canada health-care survey, published last week, was the surprising decline in interest by employers in offering wellness programs to their staff. Fewer than a third (31 per cent) of employers said they plan to invest more in health education or wellness programs in the next year — down […]
Employer appetite for investing in wellness appears to be waning, delegates heard at the Toronto launch of the 2017 Sanofi Canada health-care survey. Representatives from the benefits industry, who also served on the survey’s advisory board, were surprised and concerned by these findings as they shared insights from the research at the event on Tuesday […]
While the majority of employees continue to be satisfied with their health benefits plan, the extent to which they find it meets their needs has declined over the years, according to the 2017 Sanofi Canada health-care survey. The latest survey, released today, found 53 per cent of plan members reported their health benefits plan meets […]
Fewer than a third (31 per cent) of employers anticipate making changes to their health benefits plan design over the next two years, according to the 2017 Sanofi Canada health-care survey. That compares to 42 per cent who expected to do so in 2015. Among respondents that said they’ve made changes since 2015, these results were mainly […]
Just 11 per cent of employees are completely satisfied with the coverage levels for all five of the major areas of their health benefits plan, according to the 2017 Sanofi Canada health-care survey. Members are especially keen to boost their coverage for major dental services (25 per cent), vision care (21 per cent) and paramedical […]