MANAGED DRUG CARE
Managed Drug Care - specifically target prescription drug coverage and share more of the cost with the employees.

 Managed Drug Care is a plan that more specifically targets prescription drug coverage and enables and employer to share more of the costs with the employees.  Drug costs are controlled because only drugs that are both medically effective and cost effective are covered under the plan.

 The base plan of Managed Drug Care is the Provincial Formulary.  The Provincial Formulary is the same plan used by hospitals as a cost containment measure.  These formularies are developed by a committee of physicians and pharmacists and are reviewed and updated regularly.  A formulary seeks to contain costs by substituting brand name drugs for a less expensive drug of similar therapeutic value.  This may mean prescribing tablets instead of capsules or a non-timed release formula instead of a timed-release formula as examples.  If a formulary is to restrictive, “wrap around” plans are also available for more comprehensive coverage.