Hats off to Green Shield Canada for coining the phrase, the “Impactables”. It is a fitting phrase to describe a segment of the active claiming population that may or may not be consuming costly homeopathy or biologic medications, but who are also using ‘multiple therapeutic medications’ to treat a wide range of traditional chronic ailments. This would [...]
Generics, specialty drugs, brand names; so many terms to remember. Do you sometimes get confused? If so, read on. In Canada, a patent grants the patent holder the exclusive rights, for 20 years, to produce and market a trade or band name drug (e.g. Avastin). The time from drug discovery to approval can take up [...]
The cost of prescription drugs and biologics is one of largest health care expenses that employers incur. Here are some interesting facts to consider when planning your business' health care budget: The National Drug Trend in 2010 was +2.8%. The average national spend per claimant was $757. In Ontario, the average was $764 per claimant. There was an [...]
In simplest terms, traditional drugs are single-molecule formulations typically developed through chemical processes, whereas biologic drugs are large, complex molecules developed from or through the action of living organisms. Drug reform has definitely been the theme of the day for many days in fact, keeping most industry stakeholders transfixed. However, is our preoccupation with the [...]
