Fraser says costly medications have driven revenue growth for group insurers in Canada over the past two years. “The major driver of growth nationally in both years was medical benefits (drugs and extended health care services).” Revenues from medical benefits increased 4.8 per cent in 2016 and 5.5 per cent in 2015, he said.
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Bill 148 and Pay Equity: A Changing Landscape and Increasing Scrutiny of Ontario Employers
The purpose of this FTR Now is to consider the pay equity risks posed by Bill 148, to raise awareness of the new Pay Equity Office initiatives and to review the pay equity challenges that currently face Ontario employers.
Tips for boosting employee acceptance of benefits changes
Changing pensions or benefits can be a tough sell to employees. When employers say “change,” employees often hear “change for the worse” and are likely to react defensively. So what can plan sponsors do to ease employees’ anxiety and help ensure the change goes smoothly?
Have your say: Should sick leave be separate from other types of paid time off?
As pointed out in a recent story by The Associated Press and posted on benefitscanada.com, a growing number of employers are combining sick leave and vacation into a single category called paid time off.
Bankrupt by cancer
Cancer is not just a life-threatening disease ― but a financial disaster. Even in Canada
The issue: Cancer patients can face crippling financial hardship, forcing some into bankruptcy. Solutions: All provinces should cover the cost of expensive out-of-hospital cancer drugs; government benefit programs should better respond to cancer patients’ needs.