| Since the creation of the basic drug insurance plan in 1997, all insurers and administrators of employee benefit plans (the contracting parties in the case of non-insured plans) are required to pool the risks associated with the cost of medications, when they are higher than expected, using criteria they agree upon. This requirement is laid out in section 43 of the Act Respecting Prescription Drug Insurance, and it is in order to comply with this requirement that the life insurance industry created its system for pooling risks. More information |