Remove Employee Benefits Remove Out of Pocket Cost Remove Pharmaceutical
article thumbnail

The impact of rising health care costs on public sector budgets

Higginbotham

Budgetary Strain on Benefits One of the most significant impacts of these changes for public sector entities hits the overall administration and budget for their employee benefits. Rising premiums, increased deductibles and mounting prescription drug costs can quickly erode health care budgets.

article thumbnail

Pharmacy Benefit Manager Reform: What’s on the Horizon?

McDermott Will & Emery Employee Benefits

Pharmacy benefit managers (PBMs) are a key stakeholder in the drug supply chain, functioning as intermediaries between insurance providers and pharmaceutical manufacturers. PBMs administer […] The post Pharmacy Benefit Manager Reform: What’s on the Horizon? appeared first on EMPLOYEE BENEFITS BLOG.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

3 Ways to Strengthen Cost Management for Pharmaceutical Benefits

Griffin Benefits

Because of its increased percentage of total drug spending, specialty drug costs are proving a major headache for plan sponsors. They need to find ways to control spending on these treatments, lest the cost of the drug benefit become prohibitive. Here are three ways to manage the cost of pharmaceutical benefits.

article thumbnail

New Insulin Price Cap Could End Up Saving Payers Money in the Long Run

HR Digest

By Mark Campbell, Senior Vice President of Clinical Solutions at RxBenefits , the employee benefits industry’s first technology-enabled pharmacy benefits optimizer (PBO) Diabetes has reached epidemic proportions. In the large group market, median savings will be $19, and one-quarter would save at least $42.