AJAX, ON, March 19, 2013 /CNW/ - The Provincial Health Care Reimbursement System in Quebec, RAMQ has approved a high quality, accurate, affordable blood glucose test strip manufactured by Medi+Sure® Canada Inc, which may lead to annual savings of millions of dollars for the Quebec Health Care System, and it's supporting taxpayers.
Medi+Sure® Canada Inc. pioneered Canada's first and only $0.49 Glucose Test Strip a year ago, with successful launches already recorded in British Columbia, Manitoba, Saskatchewan, and Ontario.
At $0.49 per test strip the high quality Medi+Sure® product are one third less than the $0.73 per test strip that Canadian Provincial Governments have been paying for test strips as produced by large medical product manufacturers.
"In July 2012, Medi+Sure® Canada began the process of delivering this large savings opportunity to Provincial Governments, and Private Insurers. Since then we have been approved by five provincial government drug plans and virtually every major insurance payer in the country. It is our mission to reduce the cost of Diabetes, for Governments, Insurers, Patients, and Taxpayers while allowing them to maintain the highest standards of safety and quality," says Mario Cortis, President and CEO of Medi+Sure® Canada. "We are proud to deliver this value to so many, and at the same time, free up Government Health Care Dollars for more efficient use." In Ontario alone, over $40 million in immediate savings will be found when the Ontario Drug Benefit Plan (ODB) reduces the amount it pays today for glucose test strips by referencing the test strip category to pay no more than $0.49 for any brand of test strip".
An estimated 760 000 people in Quebec have diabetes, 200 000 of whom are unaware that they have the disease. The World Health Organization predicts that the number of people with diabetes will double by 2025, making diabetes the new epidemic. The test strips are an essential chronic disease management tool for people with diabetes and are typically used four to eight times daily in conjunction with a blood glucose monitor that is supplied free of charge to users by the glucose strip manufacturers.
Medi+Sure® strips offer a significant cost savings to the Canadian healthcare system, which has historically paid among the world's highest prices for blood glucose test strips. Brands available in Canada have generally cost about 50% more than Medi+Sure® strips.
The Medi+Sure® mission is to reduce the cost of blood sugar testing and help all Canadians who are living with diabetes and their payers to get high quality and better value for money.
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SOURCE: MediSure Canada Inc
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