Keyword: cost management

193 results found
What is driving the rising demand for paramedical services?

Indispensable and beneficial for some but unnecessary and expensive for others, paramedical services are an integral part of most group insurance plans in Canada. So should plan sponsors, always keen to optimize plan cost management, be concerned about the rise in the use of paramedicals in recent years? According to data from the latest Sanofi […]

Sharing the benefits burden

Employers are divided when it comes to drugs. On the one hand, 90% of participants in Benefits Canada’s 2015 online survey strongly or somewhat agree that it would be worth it to pay for a high-cost drug if it meant their employee continued to be healthy and productive. On the other hand, they want financial […]

High-cost prescription drug claims double

The number of high-cost prescription drug claims that Canada's private insurers covered for Canadians with fully-insured supplementary health insurance plans doubled in the Canadian Drug Insurance Pooling Corporation's first year of operation.

  • By: Staff
  • October 2, 2014 September 13, 2019
  • 10:58
Changing the conversation about benefits cost management

I have been in this business a long time—more than a few years. And since Day 1, benefits cost management has been the No. 1 issue facing benefits plan sponsors. I am tired of the conversation in large part because benefits plan sponsors have done relatively little to manage their benefits plan costs over the years. In absolute terms, benefits plan costs represent a relatively small percentage of an organization’s total compensation spend. And, bottom line, I don’t think benefits cost management is the right conversation.

The Co-operators, Reformulary Group announce strategic alliance

The Co-operators Life Insurance Company has signed a strategic alliance agreement with the Reformulary Group.

  • By: Staff
  • January 13, 2014 September 13, 2019
  • 15:43
Benefits of pharmaceuticals outweigh costs: report

The money spent on pharmaceutical treatment in Ontario more than pays off in savings for the health system and improved productivity for the economy, according to a report.

  • By: Staff
  • July 11, 2013 September 13, 2019
  • 09:49
Few companies prepared for rising employee benefits costs

A study finds that employee health, drug and disability costs have risen significantly or are expected to increase, but only 15% of companies have considered a funding strategy to address the impact of future cost drivers such as an aging workforce, the expenses related to drug and disability plans, and legislative changes.

  • By: Staff
  • May 13, 2013 September 13, 2019
  • 16:52
Are your employees benefits-savvy?

The cost of health and dental services don’t need to be shrouded in mystery. A little education can go a long way to help employees better understand the costs of these services and what they can do to save money for themselves and the company.

  • April 8, 2013 September 13, 2019
  • 09:36
Benefits costs down in U.S.

The actions U.S. employers have taken to better manage the costs of their benefits plans is showing real results, according to the National Survey of Employer-sponsored Health Plans, conducted annually by Mercer and released today.

  • By: Staff
  • November 14, 2012 September 13, 2019
  • 12:44
Rising healthcare costs an issue for U.S. employers, too

The rising cost of healthcare isn’t just a Canadian-employer concern. Our American counterparts are struggling with the same issues, new report finds.

  • By: Staff
  • September 13, 2012 September 13, 2019
  • 10:05