Express Scripts Canada Offers Solutions to Maintain Key Employee Benefit
MISSISSAUGA, ON, May 14, 2015 - Express Scripts Canada, one of Canada’s leading providers of health benefits management services, today announced the results of its annual Drug Trend Report, which features research and data on the use of prescription medications in the private sector in Canada. According to the report, which is based on millions of drug claims from more than seven million Canadians, high-cost prescription drugs are significantly threatening the ability of private sector employers to offer a comprehensive prescription drug benefit to employees.
Spending on high-cost prescription drugs — such as those used to treat chronic, complex conditions like cancer and hepatitis C — grew at alarming rates in 2014. Spending on traditional prescription medications, like drugs used to treat common conditions like diabetes and high cholesterol, is also expected to grow in the coming years. Together, these increases will impact the sustainability of a benefit that many Canadians rely on.
Innovative managed solutions that leverage actionable data, behavioural science techniques, clinical expertise and patient support tools help patients manage their health conditions and make better decisions which lower costs and can improve health outcomes.
“Pharmacy benefits have become one of the most high-profile areas of employee health plans, from both an economic and employee satisfaction standpoint,” says Michael Biskey, President, Express Scripts Canada. “However, current trends show that Canadian businesses should act today to implement innovative solutions to sustain this important benefit. The day may come when employers might not be able to afford the prescription drug benefit. Express Scripts Canada works closely with companies across Canada to implement solutions that help balance costs and encourage healthier outcomes for employees. Our solutions are a win-win for employees and employers.”
Additional key findings from the study include:
About Express Scripts Canada
From its corporate headquarters just outside Toronto, Express Scripts Canada transforms the way organizations and employees think about and participate in their drug benefit plan. Express Scripts Canada provides pharmacy services to thousands of Canadian patients. Through its proprietary consumer intelligence, clinical expertise, and patients-first approach, Express Scripts Canada promotes better health decisions for plan members, while managing and reducing drug benefit costs for plan sponsors. Express Scripts Canada is indirectly owned by Express Scripts Holding Company.
For further information:
Manager, Marketing & Communications
Express Scripts Canada
905-712-8615, ext. 642256