![]() If plans are left unchecked, plan sponsors could see material Percentage of claims will hit the pooling threshold due to the surge of highĬost drugs. Percentage of the total cost associated with a drug plan. These high cost claims, this protection has traditionally represented a small While most drug plans have some form of pooling to help protect against When you consider that approximately 60 per cent of drugs inĭevelopment are specialty medications, the benefits of the patentĬliff and provincial drug reform will not offset the upward trendĪssociated with the tsunami of specialty drugs. The new drugs for the treatment of hepatitis C.These therapies promiseĪ cure for the majority of patients with hepatitis C however, they canĬost more than $60,000 per treatment. Medical breakthroughs, but come at a significant cost.Take, for instance, Specialty medications used to treat complex health conditions are often With provincial drug reforms regulating the price of generic drugs, hasĬontrolled the growth of drug costs.This has benefited plan sponsors,īut masked the continued rise in the use of specialty medications. The way for generic versions to enter the market.The patent cliff, coupled Large number of blockbuster medications have lost their patent, has paved Health outcomes and the plan member experience.ĭuring the last several years, the ‘patent cliff,’ a period of time where a Plan sponsors are considering drug benefit planĬhanges to help manage costs without impacting Reflects the need to deliver more value for every The pace at which pharmacy benefits are evolving A M E S S A G E F R O M G O D F R E Y M A U.Striking the right balance between cost management, health outcomes and the plan member experience The marketing team is already working on next year’s edition. The magazine was rolled out at one of the biggest Group Benefits trade shows early in 2015, and was very well received by both industry specialists and clients. How to minimize the amount of industry jargon to make the copy more engaging and reader friendly. Information down into topics that could be read independently. We took a similar approach to the retirement project, and created a magazine layout, again breaking the People to dedicate a significant amount of time to reading it. Targeted at keyĭecision makers, the challenge was to create a piece that would engage them, without requiring very busy The previous years’ brochures were very dry and industry jargon-heavy. Similar to the retirement transition brochure, my team was provided with a cumbersome amount of Trends in the pharmaceutical industry and how they impact group benefit program costs. ![]() M U L T I P R O D U C T B R O C H U R EĪn annual brochure produced by Manulife’s Group Benefits business to educate plan sponsors (ie clients) on.
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