Shoppers Drug Mart launches proven add-on drug plan for Canada employers
TORONTO – Loblaw on Tuesday announced that its Shoppers Drug Mart division is launching a new drug plan for Canadian employers that will integrate with their current health coverage.
The HealthWATCH for Business drug plan focuses on better managing drug spending and is estimated to help save employers and their employees 5%-10% on their drug plan.
“We understand that employers are facing unprecedented financial pressures due to increasingly complex conditions and more costly therapies,” stated Mark Rolnick, VP payor partnerships and plan sponsor innovation, Shoppers Drug Mart. “This HealthWATCH for Business drug plan is designed to help employers reduce spending on traditional therapies and create room in the drug plan to afford the growth and innovation of specialty medications.”
The HealthWATCH for Business drug plan offers employees enhanced support at the pharmacy counter. Members will also benefit from the support of the company’s Patient Contact Centre, which is focused on improving adherence to medications for chronic conditions.
“Five years ago, Shoppers Drug Mart introduced a similar drug plan for its corporate employees and since then we’ve benefitted from considerable and sustained savings on our total drug spending within the plan,” Rolnick said. “Now we are able to share our solution with other Canadian employers to help them ensure the future sustainability of their drug plans.”
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