Face to Face in Drug Plan Management Forum – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 01 Nov 2024 19:12:49 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Coverage of the 2021 Face to Face in Drug Plan Management Forum https://www.benefitscanada.com/benefits/health-benefits/coverage-of-the-2021-face-to-face-in-drug-plan-management-forum/ Mon, 24 Jan 2022 13:00:26 +0000 https://www.benefitscanada.com/?p=114439 On Dec. 15, the industry’s most popular drug benefits conference returned in a virtual format, highlighting the trends and opportunities for Canadian benefits plan sponsors to consider. Here’s what you missed: Using proactive drug plan design to ensure future sustainability Ensuring plan sponsors get value for money from their drug plans Patient support program insights […]

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]]> Using proactive drug plan design to ensure future sustainability https://www.benefitscanada.com/benefits/health-benefits/using-proactive-drug-plan-design-to-ensure-future-sustainability/ Mon, 24 Jan 2022 12:59:00 +0000 https://www.benefitscanada.com/?p=114441 In 2020, Canada Life Assurance Co. saw a decrease in the number of benefits plan members making a drug claim, though the costs of those claims were higher, according to Barb Martinez, the insurer’s national practice leader in drug solutions, speaking during a session at Benefits Canada‘s Face to Face in Drug Plan Management Forum […]

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]]> Ensuring plan sponsors get value for money from their drug plans https://www.benefitscanada.com/benefits/health-benefits/ensuring-plan-sponsors-get-value-for-money-from-their-drug-plans/ Mon, 24 Jan 2022 12:58:16 +0000 https://www.benefitscanada.com/?p=114443 The drug pipeline is full of new medications that may be more effective but may also be more expensive than existing treatments. Although they could significantly improve a benefits plan member’s health, they could also render a plan unaffordable. “Because drugs represent a significant portion of group insurance plan costs, plan sponsors are concerned about […]

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]]> Patient support program insights can inform payer programs https://www.benefitscanada.com/benefits/health-benefits/patient-support-program-insights-can-inform-payer-programs/ Mon, 24 Jan 2022 12:57:17 +0000 https://www.benefitscanada.com/?p=114519 The coronavirus pandemic and the changing environment have impacted pharmaceutical manufacturer-sponsored patient support programs. Manufacturers offer patient support programs to help individuals access their medication and navigate the health-care system, according to Sandra Anderson, senior vice-president of commercialization and strategy at Innomar Strategies, speaking during a session at Benefits Canada‘s Face to Face in Drug […]

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]]> Incorporating diversity, equity and inclusion in drug plan design https://www.benefitscanada.com/benefits/health-benefits/incorporating-diversity-equity-and-inclusion-in-drug-plan-design/ Mon, 24 Jan 2022 12:56:04 +0000 https://www.benefitscanada.com/?p=114523 A growing number of organizations are moving beyond compliance to foster diversity, equity and inclusion in their workplaces. According to research, companies that have embraced a DEI strategy improved their bottom line with a 53 per cent return on equity, a 42 per cent return on sales, in addition to being 70 per cent more […]

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]]> How the evolution of pharmacy can impact benefits plan costs https://www.benefitscanada.com/benefits/health-benefits/how-the-evolution-of-pharmacy-can-impact-benefits-plan-costs/ Mon, 24 Jan 2022 12:55:25 +0000 https://www.benefitscanada.com/?p=114689 The coronavirus pandemic is demonstrating that pharmacists are a key health-care provider, with one study finding nearly 75 per cent of pharmacists have had patients who sought care at the pharmacy because they were afraid of going to any other health-care setting. A panel during Benefits Canada‘s Face to Face in Drug Plan Management Forum in […]

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]]> The impact of mental health on drug plan sustainability https://www.benefitscanada.com/benefits/health-benefits/the-impact-of-mental-health-on-drug-plan-sustainability/ Mon, 24 Jan 2022 12:54:29 +0000 https://www.benefitscanada.com/?p=115155 One in five Canadians will experience a mental illness in their lifetime and by age 40 about 50 per cent of the population will have or have had one. Mental illness includes conditions such as depression, schizophrenia or bipolar disorder, which “can really affect the ability of an individual to function,” said Nida Mian, senior […]

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]]> An update on Canada’s national strategy for drugs for rare diseases https://www.benefitscanada.com/benefits/health-benefits/an-update-on-canadas-national-strategy-for-drugs-for-rare-diseases/ Mon, 24 Jan 2022 12:53:45 +0000 https://www.benefitscanada.com/?p=114840 In 2020, members of the Canadian Life and Health Insurance Association spent $650 million on drugs for rare diseases for more than 13,000 patients. Rare diseases affect one in 12 Canadians and between 6,000 and 8,000 rare diseases are known globally. In addition, roughly 80 per cent of these diseases occur in children and only […]

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