The Evolving Drug Management Landscape in Canada

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.

• HR Professionals
• Employee Benefit Plan Administrators
• CFO's

All Registered HR.com members are also eligible for:

www.trggroup.com

		Brent Delveaux, CEBS TRG Group Benefits View Profile

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

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.