Increasing private sector drug benefit plan sustainability
In Canada, generic medicines are dispensed to fill 73% of all prescriptions but there is a wide discrepancy between public and private sector generic utilization. Public sector drug plan generic utilization rates average 77% while the average for private sector plans is only 65%. This panel discussion will review the potential savings through increasing generic utilization, how plan sponsors can increase utilization of generics, and the impact of implementing changes.
Jim Keon, President of CGPA, will discuss the industry's COVID-19 response, the pricing of generic pharmaceutical products in Canada, and the potential savings to plan sponsors of increasing their use of generic prescription medicines.
Joanne Jung, Pharmacy Practice Leader at Willis Towers Watson, will elaborate on real-life experience in implementing mandatory generic substitution for their clients.
Mark Rolnick of Green Shield Canada will provide a carrier perspective on the impact of implementing mandatory generic substitution on a block of business, including communications, cost benefits.
You can register to view this webinar on demand