{"id":18101,"date":"2020-04-17T02:53:27","date_gmt":"2020-04-17T06:53:27","guid":{"rendered":"https:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/private-plan-spending-rose-slightly-in-2019\/"},"modified":"2020-04-17T02:53:27","modified_gmt":"2020-04-17T06:53:27","slug":"private-plan-spending-rose-slightly-in-2019","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/04\/17\/private-plan-spending-rose-slightly-in-2019\/","title":{"rendered":"Private plan spending rose slightly in 2019"},"content":{"rendered":"
<\/div>\n

The slow and steady rise in spending among Canada\u2019s private drug plans continued in 2019 as increased use of both traditional and specialty medications outweighed positive steps by Canada\u2019s public health system.<\/p>\n

In its latest Prescription Drug Trend report, Express Scripts Canada revealed that private drug plan spending in the country underwent a 1% year-on-year uptick in 2019.<\/p>\n

Traditional drug spending inched up 0.1% year over year, while specialty drug spending rose by 2.8%. Even though specialty drugs figured into just 2% of claims in 2019, they accounted for two thirds of the overall increase in spending among private drug plans.<\/p>\n

While Ontario\u2019s OHIP+ program and pan-Canadian Pharmaceutical Alliance (pCPA) price negotiations lifted some of the burden of traditional drug spending off private plans\u2019 shoulders, it was negated by a broad uptake of higher-cost drugs and supplies for common diseases such as diabetes.<\/p>\n

\u201cUtilization will continue to increase for certain diabetes medications like the SGLT-2 inhibitors as other benefits for patients with diabetes are established,\u201d Express Scripts said, adding that expanded use of monitoring technology also played a role.<\/p>\n

And even as some provinces rolled out programs to allow the use of biosimilars, specialty drug spending among private plans was more heavily accelerated by higher use of existing drugs with new indication approvals, the continuing launch of oral cancer medications that aren\u2019t covered by the public health system, and increased use of specialty medications for asthma.<\/p>\n

The report predicted that over 2020, a shift in recommendations from inhalers to higher-cost asthma medications as first-line therapies will drive an increase in traditional spending. The adoption of flash glucose monitoring systems over glucose monitoring test strips among diabetes patients is also expected to put added cost pressure on prescription drug plans.<\/p>\n

Specialty drug spending is anticipated to soften eventually, however, as new regulations by the Patented Medicine Prices Review Board are expected to result in the removal of U.S. and Switzerland \u2014 countries known for having higher patented drug prices \u2014 from the board\u2019s list of reference countries effective July 1.<\/p>\n

\u201cProactive approaches to swiftly increasing levels of specialty medication spending and other new challenges in the pharmacy landscape are critical,\u201d the report said, highlighting extremely high-cost gene-based therapies as the most significant challenge to come in the near future.<\/p>\n

Read the original article at https:\/\/www.lifehealthpro.ca\/rss\/ <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The slow and steady rise in spending among Canada\u2019s private drug plans continued in 2019 as increased use of both traditional and specialty medications outweighed positive steps by Canada\u2019s public health system. In its...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18101"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=18101"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18101\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=18101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=18101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=18101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}