Behind the Counter
  • Share Your Story
  • News
  • Opinion
  • Stories
  • Humour
  • About
  • Real Estate Blog

[Ontario] More Pharmacy Cuts!!!

5/18/2017

Comments

 
Picture
Government recently announced the following:
​​
Picture
https://news.ontario.ca/mof/en/2017/05/stronger-healthier-ontario-act-budget-measures-2017.html
The Ontario Pharmacists Association (OPA) explained it as follows:
​
"Specifically, this provision allows the executive officer to, for a defined period of time, subtract an amount from payments made to pharmacies for supplying a drug benefit.  The purpose of the payment adjustment is to ensure that pharmacy savings previously committed to are achieved."

The OPA further explains:
​
Picture
My comments now:

​Essentially, the savings above that were promised to the Ontario government were not realized, so the government has decided it will reduce payments to pharmacies until desired savings are achieved. For those of you who are questioning how the government can do this, feel free to read about what's happened to Ontario doctors news.nationalpost.com/tag/ontario-doctors

Fortunately, through OPA's efforts, it appears that these "savings" (payment reductions) will occur over a 24-month period (Sept 2017 to Sept 2019) instead of at once so they don't seem as painfully obvious. However, the OPA acknowledges that the dollar amount in "savings" desired by the government has not been clarified...which should worry every pharmacist and pharmacy owner across Ontario. 

Unfortunately, readers of my blog may remember that when I first posted about the Ontario government's new Children and Youth Pharmacare, pharmacy cuts would be the next thing to be announced...It remains to be seen if this new Pharmacare will improve the economics of our industry.

​-Kenny

You can read the full OPA announcement here: eepurl.com/cPmWV1




Comments

    News Articles

    News that has been personally selected by the Editorial team.

    Archives

    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    August 2018
    July 2018
    June 2018
    April 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016

    Categories

    All

    RSS Feed

© COPYRIGHT 2016 to forever. ALL RIGHTS RESERVED.
  • Share Your Story
  • News
  • Opinion
  • Stories
  • Humour
  • About
  • Real Estate Blog