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The Evolving Drug Management Landscape in Canada

Topic:
The Evolving Drug Management Landscape in Canada
Date:
December 11, 2012 at 3:00 - 4:00 PM ET
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Description
Prescription drug claims typically make up 60-80% of total extended health care claims on a benefit plan and we have seen the cost of drugs increasing on an annualized basis at approximately 9-12% a year. These increases are alarming because most will agree that this type of price increase is unsustainable for employers.

A fundamental question that will be asked in this webinar is what can employers do? On the one hand, they wish to provide drug coverage to employees and their family members so that they can receive treatment for various ailments but the continual increase in cost will soon be unaffordable if it is not already a concern.

We want to help employers actively manage the drug portion of their benefit plans and to do so, we will provide you with a foundational understanding of the drug management landscape in Canada including an explanation of generic drugs, brand name drug patents, and high cost biologic drugs. Once this has been reviewed, we will examine how the employee benefits industry is reacting from the government, brand manufacturers and insurance companies’ perspective. It is crucial to understand the reactions of the various parties as it has a large impact on the steps that you, the employer, can take to ensure that your company’s drug plan remains sustainable.

As the needs of every employer differs, we offer no panacea but this will help you start the discussion within your organization. Building a benefit plan design that anticipates the future is not only going to protect your organization in the long run by increasing sustainability, it will also help you manage costs so that you can continue to offer a valuable benefit plan to reward and compensate your employees.
Who Should Participate
  • HR Professionals
  • Employee Benefit Plan Administrators
  • CFO's
Extra Learning Material

All Registered HR.com members are also eligible for:

  1. A copy of the slides presented in this presentation. These are available before and after the presentation.
  2. A Real Media file of the presentation. This file can be downloaded to your iPod or MP3 player after the presentation.
  3. Access to more than 400 podcasts with HR Gurus and Industry Leaders (downloadable files available 24 hours after the live broadcast) as well as access to our blogs, polls, surveys, 25,000+ article library, Business Book Reviews and so much more!
Recommended Resources
www.trggroup.com
Categories
Benefits
Staffing and Recruitment
Design and Technology
Medical Benefits
Insurance
Health
Topical Health Issues
Benefits - Cost Containment, Audits and Legal Risks
HR in Canada
Canadian Masters In HR Strategy & Execution
What You Will Learn
  • Drug Management Landscape: Why are drug costs increasing?
  • How is the government reacting to the drug increases?
  • How are the brand manufacturers reacting to the drug increases?
  • How are insurance companies reacting to the drug increases?
  • What can I do to ensure my drug plan remains sustainable?
Sponsored by
TRG Group Benefits
TRG Group Benefits
We specialize in developing and servicing optimal employee benefits plans.
Presented by
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speaker spacer
Brent Delveaux, CEBS
TRG Group Benefits

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Who is Eligible

This webcast is available to all registered HR.com members for free. You are currently subscribed to HR.com as a Free Member.

Click the button to access this webcast. Archives, MP3 and PowerPoint slides

What is Required to Attend

Participants in the live webcast will need access to a computer connected to the Internet. HR.com highly recommends you test your computer in advance of the webcasts.

Once you register for the webcasts, full login instructions will be sent to you 24 and 2 hours prior to going live. You must run the system test to ensure you can access the session.

Documents

Feedback
Name Comment Rating
5 / 5
Excellent Presentation
Image of Keith Hester Keith Hester
alma mater society of university of british columbia
5 / 5
Excellent Presentation
Image of Jason Meyer Jason Meyer
Active Network
5 / 5
Excellent Presentation
Image of Eileen McDougall Eileen McDougall
Ultrasonix Medical Corporation
3 / 5
Good Presentation
4 / 5
Very Good Presentation
Image of Felicia  Brittingham Felicia Brittingham
College Of New Jersey School Of Business The
5 / 5
Excellent Presentation
Image of Craig Hewson Craig Hewson
TRG Group Benefits
Brent did a terrific job. Very clear presentation...really did a great job of explaining as the title said...the drug landscape in Canada. Well done...Craig Hewson. 5 / 5
Excellent Presentation
Image of Brian Lampe Brian Lampe
Royal Tire Service Ltd
I found this presentation was heavily skewed toward the side of the insurance company and wasn't entirely accurate. There have been several documented cases and unfortunately related deaths due to adverse reactions specifically and empirically proven to be the result of a generic drug as opposed to a brand name. i.e. Wellbutrin generic Prozac & other NSAID & SSRI generics Levetiracetam just to name a few. Otherwise I look forward to the opportunity for these great webinars. Thanks! 3 / 5
Good Presentation
Image of Kim Boothe Kim Boothe
TRG Benefits and Pensions Inc.
Very well spoken and clear! Great presentation ! 5 / 5
Excellent Presentation
Image of Miriam Berger Miriam Berger
A Hire Authority

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