McDermott Will & Emery Employee Benefits

OCTOBER 17, 2023

Congress and other policymakers continue to seek opportunities to lower costs for patients and the federal government. Pharmacy benefit managers (PBMs) are a key stakeholder in the drug supply chain, functioning as intermediaries between insurance providers and pharmaceutical manufacturers.

Pharmaceutical 105

Pharmaceutical Management Manufacturing Government 105

InterWest Insurance Services

JUNE 22, 2023

market, in March 2023 announced that they will cap the cost of insulin for people with private insurance plans. That includes those on employer-sponsored group health plans and plans purchased on a government-run exchange. Three drugmakers, which account for roughly 90% of the insulin in the U.S. for a single vial and $139.71

Insurance 95

Insurance Out of Pocket Cost Pharmaceutical Deductions 95

HR Digest

MARCH 24, 2023

Reducing out-of-pocket cost-sharing for insulin does mean payers and insurers may be covering a greater share of the costs. However, some of those costs may be offset by increased medication adherence and reduced hospitalization rates, which would end up saving payers money in the long run.

Out of Pocket Cost 52

Out of Pocket Cost Pharmaceutical Hospitality Medical 52