A recent report by GreenShield highlights a significant increase in medication claims among Canadians. The number of claims for weight management drugs surged by 43%, while ADHD medication claims rose by 20%. Pharmacists are also prescribing more medications than ever before.
Key Findings from GreenShield’s 2024 Drug Trends Report:
Overall Drug Costs: Increased by $300 million in 2023, reaching $2.5 billion.
Specialty Drugs: Costs rose to $700 million, up from $630 million in 2022.
Obesity Drugs: Claims increased by 43% in 2023.
Diabetes Medication: Saw a 13% cost increase and a 16% rise in claims.
Mental Health: Claims for mental health medications have surged by 132% since the pandemic began.
ADHD Medication: Costs in the $500-$999 category increased by 24%, with a 20% rise in claimants.
Pharmacist Prescriptions: Increased by 140% since 2019, with pharmacists prescribing more affordable medications.
Today, over a million Canadians do not have access to drug coverage but there is coverage available through government, drug companies, and private plans. Please book a meeting with us today if you need support in this area.
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