New Financial Parameters for the Quebec Prescription Drug Insurance PlanLinkedIn
NB Bulletins Vol. 18 N. 10, July 2015
On July 1 each year, the Régie de l’assurance maladie du Québec adjusts the financial parameters applicable to the public prescription drug insurance plan to take into account the increase or decrease in plan costs.
The table below presents the changes that will apply to all individuals covered under the public plan, with the exception of:
As last year, all financial parameters have increased this year.
We would like to remind you that:
Upward impact on private group insurance plan costs
Because private group insurance plans do not typically apply the same parameters or the same set of cost control measures that apply to the public plan, we do not anticipate important financial impact on private plans.
It should be noted that Bill 28, adopted on April 20, 2015, modifies the current legislative framework. You can consult the summary of the changes available in our May 2015 bulletin. Details on the application of some of these changes will be announced shortly. Watch our communications in the coming days for more information.
Cost control measures for private plans
Even though Quebec’s Act respecting prescription drug insurance includes rules to be followed for private plans, it is also possible to introduce certain cost control measures in relation to these plans. However, these measures call for a process with the insurer. We invite you to review a summary of our approach in controlling prescription drug costs (available in French only).