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Workplace Drug Plans May Face Caps or Even Fold

Posted by on Apr 15, 2011 in Health | 0 comments

A growing tide of high-priced specialty medicines for arthritis, cancer and other diseases is set to put unprecedented pressure on workplace drug plans, likely forcing limits on what they cover, higher premiums and even an end to some plans altogether, experts are warning.

The private benefit programs that millions of Canadians depend on are due for “radical change” that could force many to pay thousands of dollars for medications, a consultant planned to tell a conference of the Health Charities Coalition of Canada.

“I believe it’s going to move the employer drug plan into an era of unaffordability and unsustainability,” said David West of Mercer Human Resources.   Read more

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