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Manulife-Loblaw deal to deliver specialty drugs sparks access, competition concerns

  • Manulife Financial Corp has announced that its coverage of certain prescription drugs will only apply at Loblaw Cos. Ltd. pharmacies, raising concerns about competition and patient access to medication.
  • This move is part of a preferred pharmacy network arrangement, which is growing in Canada, where insurers exercise market power in the pharmacy sector.
  • Some experts argue that the arrangement is beneficial as it forces pharmacies to compete, while others worry about the negative implications for competition and patient access.
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Winnipeg Free Press broke the news in Winnipeg, Canada on Tuesday, January 30, 2024.
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