Sun Life recently released 2 exceptional benchmarking reports for the under 50 and plus 50 employer marketplace. Unfortunately, they did not summarize the results in an Executive Summary, so it is unlikely any plan sponsor will read a 56 page and 72 page report. (What were they thinking). That means this data from over 20,000 benefits [...]
Joining insurance representatives, consultants, patient groups and leading drug strategist from across Canada, Chris Pryce, CEBS was hand picked to attend a National Private Payer Advisory Board meeting held September 6, 2018 in Toronto. The day consisted of presentations on pipeline drugs, market dynamics, industry research, oral oncology reimbursement and facilitated panel discussions. Pharmaceutical manufacturers [...]
Ontario’s new Conservative government has announced changes to the province’s youth pharmacare program to make it second payer for Ontarians under age 25 who have coverage through private benefits plans. “Today, our government is announcing our intent to fix the OHIP+ program by focusing benefits on those who do not have existing prescription drug benefits,” [...]
Employee benefit plan sponsors will note that with each renewal, their Provider will assign a trend/inflation increase to their dental renewal rates for the upcoming period. Dental trend is broken down into two components; one being utilization, whereby there is an expectation of increased usage of the plan as members become more aware of their dental benefits and suppliers [...]
A new agreement between the pan-Canadian Pharmaceutical Alliance and the Canadian Generic Pharmaceutical Association will reduce the prices of nearly 70 generic drugs, including the most commonly prescribed medications. These include drugs used to treat conditions such as high blood pressure, high cholesterol and depression. Under the January 29 agreement, the prices of these generic [...]
