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Beneva manages group health insurance plans in Canada with a focus on optimizing prescription drug costs through strategies like mandatory biosimilar transition, pharmaceutical agreements for discounts on over 50 drugs used to treat chronic diseases, prior authorization programs assessing over 300 molecules annually for medical necessity and cost-effectiveness, and step therapy. These measures have resulted in annual savings of $71 million for clients. The company also tracks trends in claims related to new therapies such as anti-obesity drugs and biosimilars[1][2][3].
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