This is horrible. PPNs are only good for the insurer. Not exactly the same, but when I was going through university in the early aughts, my parent’s insurance had some pretty stupid restrictions on medications. I wasn’t allowed to see the on-campus medical team to get prescriptions renewed, it HAD to be from my GP, and the prescriptions HAD to be filled within so many kms of my home address. No idea how they handled medical emergencies, but I heard horror stories of classmates being stuck with large prescription bills for a couple inhalers because they couldn’t get “home”.

I’m not too surprised, but I think CT needs to be careful with how many product categories they have. Earlier this year they sold off the Helly Hanson brand ($1.3bil), so they’ve got a hole in their portfolio to fill during the 4-year/$2bil restructuring.