Exclusive insurer-pharmacy tie-ups on the rise in Canada
Exclusive insurer-pharmacy tie-ups on the rise in Canada | Insurance Business Canada
Life & Health
Exclusive insurer-pharmacy tie-ups on the rise in Canada
Report suggests such partnerships have grown increasingly prevalent
Life & Health
By
Terry Gangcuangco
Following the backlash over Manulife’s now-thwarted exclusive deal with Loblaw Companies, a report is suggesting that such partnerships have, in fact, grown increasingly prevalent in the country.
A report published by The Globe and Mail said the Manulife deal “brought much more awareness” to so-called preferred provider/pharmacy networks (PPNs), meaning it’s not a new concept but something that perhaps people are not as informed about.
According to the report, such arrangements have become more commonplace over the past decade, albeit quantifying the change can be challenging.
“All of Canada’s major insurers have some form of PPN arrangement with pharmacies, though they are not consistent in how they communicate them to plan members or the public,” it noted.
PPNs, it was pointed out, can either be voluntary or mandatory. In a mandatory agreement, the report said, plan members will not have the option to fill their prescriptions anywhere else other than the approved providers.
What do you think about this story? Share your thoughts in the comments below.
Related Stories
Keep up with the latest news and events
Join our mailing list, it’s free!
