Drug pricing – Benefits Canada.com https://uat-cumulus.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 16 Jan 2025 20:41:36 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Critics calling for further delay of new drug pricing regulations https://uat-cumulus.benefitscanada.com/benefits/health-benefits/critics-calling-for-further-delay-of-new-drug-pricing-regulations/ Fri, 29 Oct 2021 13:00:09 +0000 https://www.benefitscanada.com/?p=110542 Critics of a major drug price overhaul hope a fresh federal cabinet will put a temporary stop to the new regulations set to take effect in January. The Patented Medicine Prices Review Board is set to change the way it sets a price cap on medicines in Canada in an effort to lower excessively expensive drug costs. […]

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]]> How Rolls Royce Canada is reducing drug plan costs while maintaining benefits offering https://uat-cumulus.benefitscanada.com/archives_/benefits-canada-archive/how-rolls-royce-canada-is-reducing-drug-plan-costs-while-maintaining-benefits-offering/ Fri, 15 Oct 2021 12:58:34 +0000 https://www.benefitscanada.com/?p=109159 As innovative medicines become more widely covered in workplace drug plans, employers are tasked with finding new ways to control costs while ensuring members receive the best value. “Obviously, this is good because such offers provide more treatments for employees and their families that can help get them back to the workplace sooner rather than […]

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]]> Possible national pharmacare program has pros, cons for employers: experts https://uat-cumulus.benefitscanada.com/benefits/health-benefits/possible-national-pharmacare-program-has-pros-cons-for-employers-experts/ Wed, 18 Aug 2021 13:00:51 +0000 https://www.benefitscanada.com/?p=105876 Discussion around implementing a national universal pharmacare strategy is growing louder ahead of next month’s federal election. In its 2019 budget, the federal government said it would work with partners to move forward on a national pharmacare program, including the creation of a new national drug agency and formulary, as well as a national strategy for […]

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]]> CLHIA calling for increased access to VPLAs, prescription drugs https://uat-cumulus.benefitscanada.com/pensions/governance-law/clhia-calling-for-increased-access-to-vplas-prescription-drugs/ Mon, 09 Aug 2021 19:00:32 +0000 https://www.benefitscanada.com/?p=105272 The Canadian Life and Health Insurance Association is calling on the federal government to permit standalone variable payment life annuities to pool participants from all registered retirement plans. In its 2022 federal budget submission, the CLHIA said VPLAs, as enacted, will only be available to members of very large defined contribution pension plans, excluding Canadians […]

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]]> Health Canada delaying new drug pricing regulations another six months https://uat-cumulus.benefitscanada.com/news/bencan/health-canada-delaying-new-drug-pricing-regulations-another-six-months/ Wed, 30 Jun 2021 13:15:29 +0000 https://www.benefitscanada.com/?p=103202 For the third time in a row, the federal government is delaying long-awaited changes to Canada’s drug pricing regime for a further six months. In an effort to give pharmaceutical companies more time to prepare for the impending changes, Health Minister Patty Hajdu announced Tuesday the regulations changing how the Patented Medicine Prices Review Board […]

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