Quote:
Originally Posted by Lubicon
Nothing is free folks, this comes straight out of the pocket of every Ontario taxpayer. I can see company plans being pared back in their coverage (although not necessarily with a reduction in cost). Also, the government will determine which drugs are covered and which are not. People may not always get what they assume they will be getting if some bureaucrat decides there is a cheaper alternative.
|
the cost to group benefit plans will decrease as you are likely taking about 15% to 22% of the EHC claims out of the experience.
For companies that pare back their plans, they would wind up cost shifting even more to the employee.
Given the change is a cost savings for employers they are not likely going to pare back their plans.
only about 4,000 or so drugs on the Ontario Drug Benefit List are eligible, so Dr's can't prescribe wildly and even if they did, there are likely plan rules around generic replacements and step therapy that leads to progressively more expensive drugs