Keyword: drug plan design

94 results found
Panel: Should drug coverage for certain conditions still be optional?

In many workplace drug plans, medications that treat certain conditions remain in the optional life category, but is this structure still valid today? The optional life category has traditionally been referred to as “lifestyle,” said Rob Taylor, executive vice-president at TRG Group Benefits and Pensions Inc., a division of Hub International Ltd., during a panel […]

How changing public coverage could affect the pharmaceuticals industry

If the Canadian government wants to tackle drug coverage, it should focus on the areas where Canadians are facing genuine gaps, according to Joe Farago, executive director of health-care innovation at Innovative Medicines Canada.  “The reality is only 1.8 per cent of Canadians have no form of private or public drug coverage,” said Farago, speaking at Benefits […]

Brand discount cards increase costs to private insurers by 46%: study

If the Canadian government wants to tackle drug coverage, it should focus on the areas where Canadians are facing genuine gaps, according to Joe Farago, executive director of health-care innovation at Innovative Medicines Canada.  “The reality is only 1.8 per cent of Canadians have no form of private or public drug coverage,” said Farago, speaking at Benefits […]

The legal risks of drug plan design changes

Drug plan design changes are often unavoidable, whether they’re due to a carrier modifying contracts across the board or an employer looking to manage ballooning costs. Generally, “plan sponsors are looking at programs like more managed formularies and, potentially, maximums,” says Suzanne Lepage, a private health plan strategist in Kitchener, Ont. “Changes driven at the […]