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IGM Financial Inc
Symbol IGM
Shares Issued 237,053,994
Close 2024-06-28 C$ 37.77
Market Cap C$ 8,953,529,353
Recent Sedar Documents

Globe says Intact, rivals see PPN back in spotlight

2024-07-02 08:24 ET - In the News

See In the News (C-IFC) Intact Financial Corp

The Globe and Mail reports in its Monday edition that high-school teacher Amy Miller is preparing for an appearance before Ontario's pharmacy regulator to advocate against a recent move by the Ontario Teachers Insurance Plan. A triple bylined item in The Globe reports that Ms. Miller will argue the plan's new specialty-drug pharmacy, MemberRx, takes away teachers' rights to choose their own health care provider. Ms. Miller will be attending a meeting of the Ontario College of Pharmacists on July 8, along with her current pharmacist, Ron Yochim, who has been assisting her in managing her ankylosing spondylitis arthritis. Last year, Ms. Miller received an e-mail stating her plan would no longer cover the costs for members to use their pharmacy of choice for specialty care drugs, effective April 4, 2024. The discussion revolves around a new pharmacy model that advocates believe could reduce costs and improve the sustainability of insurance plans. Critics, however, argue it is an example of "patient steering," a practice that is facing increased scrutiny in the industry. Regulators are now eyeing such deals, known as "preferred pharmacy networks" or "preferred provider networks," over concerns that they limit patient choice.

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