Criticism :1 Manulife Will Pay For Specialty In Response Now
Manulife will pay for specialty medications filled at any pharmacy in response to criticism of the Loblaw deal.
Less than a week after the exclusivity agreement was announced, Manulife made a U-turn and announced on Monday that it would now cover specialty drugs filled at any pharmacy, rather than just at pharmacies owned by Loblaw.
The reason for the swift change, according to a statement on the company’s website, is that “feedback is deeply rooted in our company’s long-standing history and culture.”
In the Q&A section of its statement, the website states, “This decision ensures Canadians have choice, access, and flexibility in managing their health.”
It further stated that more updates will be added to its website and that the change will take effect “swiftly”.
Members who have prescriptions for specialty drugs can still get their drugs from Bayshore and Loblaw-owned pharmacies. There will still be a choice for home delivery.
Manulife’s spokesperson directed CBC News to the website statement when contacted for comment.
“The public has spoken.”
About 260 prescription drugs that are used to treat complicated, chronic, or life-threatening conditions are covered by the insurance company’s Specialty Drug Care program, and this initial agreement was first made public by The Canadian Press.
Reactions to the plan, known as a preferred pharmacy network arrangement, came from independent pharmacists, drug policy experts, and customers who claimed it would lower the standard of pharmaceutical care provided to patients.
“We should speak up against the Americanization of our health-care system here in Canada,” he stated.
In exchange for reduced costs, preferred pharmacy networks—in which an insurance company works exclusively with one or more pharmacies—are widely used in the United States.
The Manulife-Loblaw deal raises concerns about the relationships between large drugstores and insurance companies.
CBC EXPLAINS The Manulife-Loblaw Deal: Your Impact and Other Answered Questions
Criticism Meaning In Tamil
In Canada, they are becoming more popular as well. Maseh went on to say that the Manulife-Loblaw agreement is not an isolated instance.
“It is the case of insurance companies following a certain trend that we know for a fact only works for insurance providers and not the patients,” he stated.
Other experts who spoke with CBC News said that patients would benefit from lower costs and that the arrangement would improve Canada’s competitive landscape.
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