health care – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 22:24:05 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Innovative Medicines Canada calling on feds to clarify impact of pharmacare on private drug plans https://www.benefitscanada.com/benefits/health-benefits/innovative-medicines-canada-calling-on-feds-to-clarify-impact-of-pharmacare-on-private-drug-plans/ Wed, 06 Nov 2024 14:00:07 +0000 https://www.benefitscanada.com/?p=162136 Innovative Medicines Canada is calling on the federal government to introduce amendments to Bill C-64 that clarify the impact on all aspects of Canadians’ drug coverage. In a press release, the association urged the feds to ensure its new pharmacare program doesn’t disrupt existing coverage for the 27 million Canadians who are insured under a […]

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]]> 2024 Global Investment Conference: Technology, health-care innovations providing institutional investors with alpha https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2024-global-investment-conference-technology-health-care-innovations-providing-institutional-investors-with-alpha/ Mon, 10 Jun 2024 11:54:19 +0000 https://www.benefitscanada.com/?p=155814 Institutional investors are navigating two massive innovations, namely artificial intelligence and artificial incretins, said Jennifer O’Hara Martin, global equity portfolio specialist at T. Rowe Price, during the Canadian Investment Review‘s 2024 Global Investment Conference in April. People tend to compare the current AI trend to the technology bubble of the 2000s and while its infrastructure is similar, […]

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]]> 77% of U.S. employers reporting increase in employees’ mental-health needs: survey https://www.benefitscanada.com/benefits/health-wellness/77-of-u-s-employers-reporting-increase-in-employees-mental-health-needs-survey/ Tue, 22 Aug 2023 19:00:19 +0000 https://www.benefitscanada.com/?p=142483 More than three-quarters (77 per cent) of large U.S. employers are reporting an increase in mental-health needs among their workforces, according to a new survey by Business Group on Health. The survey, which polled around 150 large employers employing 19 million people, found this is a 33 per cent increase compared to last year, when […]

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]]> Report finds Ontario portable health benefits plan likely to cost between $3.2-$4.5BN https://www.benefitscanada.com/benefits/health-benefits/report-finds-ontario-portable-health-benefits-plan-likely-to-cost-between-3-2-4-5bn/ Thu, 02 Mar 2023 14:00:33 +0000 https://www.benefitscanada.com/?p=134669 A portable health benefits plan is a feasible, affordable and sustainable way to improve access to essential supplemental health and dental benefits for millions of Ontarians, according to a new report from the C.D. Howe Institute. It found the portable benefits plan would likely cost between $3.2 billion and $4.5 billion — excluding administration costs, […]

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]]> Cost of medical plan claims expected to increase by 7% in 2023: report https://www.benefitscanada.com/benefits/health-benefits/cost-of-medical-plan-claims-expected-to-increase-by-7-in-2023-report/ Wed, 30 Nov 2022 14:00:57 +0000 https://www.benefitscanada.com/?p=130489 In Canada, the year-over-year cost increase for claims under a medical plan on a per-person basis is projected to reach seven per cent in 2023, according to a new report by Mercer. The report, which analyzed responses from more than 200 insurers across 56 countries, found the global year-over-year cost is expected to increase to […]

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]]> U.S. employee benefits costs projected to increase 6.5% in 2023: report https://www.benefitscanada.com/benefits/health-benefits/u-s-employee-benefits-costs-projected-to-increase-6-5-in-2023-report/ Wed, 24 Aug 2022 13:00:24 +0000 https://www.benefitscanada.com/?p=125945 Average benefits costs for U.S. employers will increase 6.5 per cent — or more than $13,800 per employee — in 2023, according to a new report by Aon. This projection is more than double the three per cent increase to health-care budgets from 2021 to 2022, but below the 9.1 inflation figure reported through the consumer price […]

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]]> Cost of medical plan claims expected to increase in 2022: report https://www.benefitscanada.com/benefits/health-benefits/cost-of-medical-plan-claims-increasing-in-canada-report/ Wed, 30 Mar 2022 13:00:35 +0000 https://www.benefitscanada.com/?p=118854 In Canada, the year-over-year cost increase for claims under a medical plan on a per-person basis is projected to reach 8.6 per cent this year, up from eight per cent in 2021, according to a new report by Mercer Canada. The report, which analyzed responses from 210 insurers across 59 countries, found the year-over-year cost […]

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]]> Sounding Board: Virtual care, pharmacists contributing to reinvigorated Canadian wellness, productivity https://www.benefitscanada.com/benefits/health-benefits/sounding-board-virtual-care-pharmacists-contributing-to-reinvigorated-canadian-wellness-productivity/ Fri, 07 Jan 2022 14:00:58 +0000 https://www.benefitscanada.com/?p=113920 To say the coronavirus pandemic has had an unimaginable impact on Canadian life is an immense understatement — it has literally reshaped the way we work, interact socially and access health care. To that end, the pandemic has — and continues to — carve a path for a range of health-care innovations now supported by […]

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]]> Employer health benefits cost trends to rise 8.1% globally in 2022: survey https://www.benefitscanada.com/benefits/health-benefits/employer-health-benefits-cost-trends-to-rise-8-1-globally-in-2022-survey/ Fri, 19 Nov 2021 20:00:15 +0000 https://www.benefitscanada.com/?p=111941 Employer-sponsored health benefits cost trends are expected to increase 8.1 per cent on average globally in 2022, according to a new survey by Willis Towers Watson. The survey, which polled medical insurers across various geographic regions, found cost trends are expected to be as high as 14.2 per cent in Latin America, followed by 10.6 […]

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]]> Health-care spending, use of virtual care increasing in U.S. amid pandemic: report https://www.benefitscanada.com/benefits/health-benefits/health-care-spending-use-of-virtual-health-care-increasing-in-u-s-amid-pandemic-report/ Mon, 12 Jul 2021 13:00:32 +0000 https://www.benefitscanada.com/?p=103737 The coronavirus pandemic has increased health-care costs in the U.S., while shifting how and where employees access care, according to a new report by PricewaterhouseCoopers. It projected that the costs of medical treatment in the U.S. will increase by 6.5 per cent in 2022, slightly lower than this year (seven per cent). “The pandemic’s long […]

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