Ontario government seeks input on whether to regulate deals between insurers and pharmacies

Canadian News News

Ontario government seeks input on whether to regulate deals between insurers and pharmacies
Canada NewsBreaking News VideoCanadian Breaking News
  • 📰 globeandmail
  • ⏱ Reading Time:
  • 62 sec. here
  • 50 min. at publisher
  • 📊 Quality Score:
  • News: 192%
  • Publisher: 92%

On Friday, the province announced a 60-day public comment period asking insurance companies, pharmacy operators, consumers and employers to weigh in on the role of preferred pharmacy networks in the group benefits insurance sector

Prescription drugs are seen on shelves at a pharmacy in Montreal on March 11, 2021. The Ontario government said in a consultation paper released Friday that it is considering 'whether policy intervention is needed or appropriate' in relation to preferred provider networks in the province.

The private health insurance industry has been expanding its use of PPNs over the past decade. PPNs are complex agreements that can vary between insurance companies. Insurance companies say these exclusive deals can deliver savings on the premiums group benefits plan members pay for specialized drug care, because the pharmacies are able to supply in bulk. In turn, it can reduce co-pays for consumers or make the continued coverage of these pricier drugs more feasible for employers. However, the paper said that more information is needed to determine whether this is happening.

Patient groups have been advocating for an end to PPNs that they say can limit access to drugs. Independent pharmacists say such deals unfairly lock out thousands of small businesses across the country because they do not have the clout to strike the same kinds of deals with insurers that larger chains are able to negotiate.

If the government does not choose to maintain the status quo, it will consider whether new policies could be introduced, such as an “any willing provider” framework that could require insurers to make participation in their PPN arrangements open to any pharmacies willing to adhere to their terms.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

globeandmail /  🏆 5. in CA

Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rainfall warning continues in Ottawa, eastern Ontario, up to 100 mm of rain expected FridayRainfall warning continues in Ottawa, eastern Ontario, up to 100 mm of rain expected FridayA rainfall warning bringing 50 to 100 millimetres of rain continues to be in effect for Ottawa and eastern Ontario this Friday, as the remnants of Deby arrive.
Read more »

Small wildfire reported east of SearchmontSmall wildfire reported east of SearchmontIt's one of two new fires reported in Ontario's Northeast Region on Friday
Read more »

Parts of eastern Ontario see more than a month's worth of rain in a dayParts of eastern Ontario see more than a month's worth of rain in a dayA major storm system in eastern Ontario impacted multiple regions on Friday, including Cornwall, Ont.
Read more »

Judge dismisses court challenge to stop Ontario Place redevelopmentJudge dismisses court challenge to stop Ontario Place redevelopmentIt appears construction at Ontario Place can now continue following a decision by the Ontario Superior Court of Justice to uphold the Rebuilding Ontario Place Act.
Read more »

Court sides with province on Ontario Place redevelopmentCourt sides with province on Ontario Place redevelopmentIt appears construction at Ontario Place can now continue following a decision by the Ontario Superior Court of Justice to uphold the Rebuilding Ontario Place Act.
Read more »

Radio host, author Andrew Lawton seeks CPC nomination in southern Ontario ridingRadio host, author Andrew Lawton seeks CPC nomination in southern Ontario ridingAndrew Lawton speaks to Conservative Leader Pierre Poilievre in December 2023. Lawton is seeking the Conservative nomination in Elgin-St. Thomas-London South.
Read more »



Render Time: 2025-02-22 07:33:53