Insurers show support for federal government’s reforms to drug pricing regulations

Insurance Business Magazine | August 12, 2019

Insurers show support for federal government’s reforms to drug pricing regulations
Insurers are backing the federal government’s changes to drug pricing regulation, welcoming the government’s efforts to make medicines more affordable and accessible. The federal government recently announced the final amendments to the Patented Medicines Regulations, which aims to give the Patented Medicine Prices Review Board (PMPRB) the right tools to ensure that medicine prices in Canada are properly priced. Broadly speaking, the amendments do the following to help control drug prices: Change the “basket” of countries Canada is compared to when setting drug prices. This means Canada’s drug prices will be judged against countries that actually resemble Canada’s population, economy and approach to healthcare.

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The Insurance Industry Digital Transformation conference at the Swiss Re Centre for Global Dialogue brought together key experts and insurance industry stakeholders to examine how digital will impact consumers in the near and long term.

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Spotlight

The Insurance Industry Digital Transformation conference at the Swiss Re Centre for Global Dialogue brought together key experts and insurance industry stakeholders to examine how digital will impact consumers in the near and long term.