Life and Health Insurance Industry Supports Commitment to Lowering Drug Costs for Canadians

Thursday, March 23, 2017 Drug News
Email Print This Page Comment bookmark
Font : A-A+

OTTAWA, March 22, 2017 /CNW/ - The Canadian life and health insurance industry is pleased that the government has acknowledged

that prescription drug prices in Canada are too high and is committed to making investments to lower drug costs for Canadians. "The life and health insurance industry shares these concerns and looks forward to working
with the government to lower drug costs for Canadian families," notes Frank Swedlove, President and CEO of the Canadian Life and Health Insurance Association (CLHIA).

The industry is also pleased with the government's plan to accelerate the creation of the Infrastructure Bank. With over $690 billion in long-term investments, the life and health insurance industry is already a significant investor in Canada's economy. "We look forward to working closely with the new Infrastructure Bank and helping to fund the needed investment in Canada's infrastructure," added Mr. Swedlove.

About the CLHIA

Established in 1894, the CLHIA is a voluntary association whose member companies account for 99 percent of Canada's life and health insurance business.  The industry provides a wide range of financial security products such as life insurance, annuities (including RRSPs, RRIFs and pensions) and supplementary health insurance to 28 million Canadians. It also holds close to $760 billion of assets in Canada and employs about 150,000 Canadians.

SOURCE Canadian Life and Health Insurance Association Inc.



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor
Advertisement

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store

Facebook