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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 employeebenefits. Rising premiums, increased deductibles and mounting prescription drug costs can quickly erode health care budgets.
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 EMPLOYEEBENEFITS BLOG.
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 pharmaceuticalbenefits.
By Mark Campbell, Senior Vice President of Clinical Solutions at RxBenefits , the employeebenefits 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.
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