Insurers to split cost of expensive drug claimsAgreement should reduce risk of employers seeing premium spikes, reducing coverageBy Amanda Silliker05/07/2012|Canadian HR Reporter|Last Updated: 05/07/2012 In an effort to increase drug plan sustainability, Canadian insurers are coming together to split the cost of the most expensive drug claims, according to the Canadian Life and Health Insurance Association (CLHIA). In April, the association launched a drug-pooling framework to protect fully insured private drug plans from the full financial impact of high-cost drugs. Twenty-four insurance companies across Canada, which collectively represent 100 per cent of the supplementary drug market, have committed to joining the framework, said CLHIA. “It really is a win-win for everybody that is impacted by this,” said Janet Jackson, vice-president of group marketing at Kingston, Ont.-based Empire Life, one of the insurers participating in the initiative. To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.