Employers Considering Cutting Private Drug Plans Over Pharmacare, Insurance Association Warns

A pharmacist checks a bottle on a shelf at his pharmacy in Quebec City in a file photo. THE CANADIAN PRESS/Jacques Boissinot

Canadian insurers told a Senate committee that tens of thousands of employers are considering cutbacks for workplace benefits if the Liberal government’s pharmacare bill becomes law.

“Don’t discount the risk that people are going to lose as much as they are going to gain potentially in this legislation. We are already having those discussions,” Stephen Frank, CEO of the Canadian Life and Health Insurance Association, testified at the Senate social affairs committee on Oct. 2.