TORONTO, Jan. 13, 2014 /CNW/ - Canadian employers are facing steadily
rising drug costs in their health benefit programs. They are looking
for solutions to get better value from their drug plans, without
jeopardizing health outcomes and offloading costs to employees.
To achieve these objectives, Co-operators Life Insurance Company has
signed a strategic alliance agreement with the Reformulary Group. Now,
employees whose health benefit plans are covered by The Co-operators
are eligible to join the nearly 45,000 Canadians who have their drug
plans powered by the Reformulary™.
Reformulary Group offers concrete action to ensure that employer drug
plans remain sustainable. Employers implementing the Reformulary have
achieved unprecedented savings through the lowering of drug spend by
10% to 16%. Many of these employers choose to re-invest these savings
into their drug plan or improve employee benefits.
For more information, go to www.reformulary.com or www.cooperators.ca
SOURCE: Reformulary Group Inc.
For further information:
Ms. Helen Stevenson