InterWest Insurance Services

FEBRUARY 8, 2024

As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. in 2023, according to the Mercer “National Survey of Employer-Sponsored Health Plans.”

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InterWest Insurance Services

DECEMBER 21, 2023

The explosion in demand for new, costly and highly effective weight-loss and diabetes drugs is poised to play an outsized role in increasing the cost of health care, and in turn, health insurance in America. in 2023, compared to an increase of 6.4% in 2022, according to a report by Mercer.

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Pharmaceutical Employment Medical Food 98

InterWest Insurance Services

APRIL 13, 2023

The bad press and resulting lawsuits, in conjunction with the new rule making is likely to prompt more health insurers to revamp their prior authorization procedures. Waiting for prior authorizations for care, pharmaceuticals or medical devices can lead to delays in care and increased risk of hospitalization from those delays.

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InterWest Insurance Services

DECEMBER 26, 2024

These drugs, known as GLP-1s, are contributing to a significant spike in pharmaceutical costs and adding to overall health care outlays. increase in health insurance costs, even after implementing cost-reduction measures. The full list price for Ozempic was $969 in the fall, down 9.7%

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InterWest Insurance Services

MARCH 28, 2024

Pharmacy spending, high-cost claimants and newly developed anti-obesity drugs are expected to shape health benefits and affect the cost of care and health insurance for employers, according to a new report. As a result, demand for these pharmaceuticals has boomed, but not all health plans cover them.

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InterWest Insurance Services

JUNE 22, 2023

That includes those on employer-sponsored group health plans and plans purchased on a government-run exchange. The changes mean some or many of your employees will see significant reductions in their pharmaceutical outlays, particularly if they have high copays or deductibles. One-quarter of them pay $105 a month.

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Insurance Out of Pocket Cost Pharmaceutical Deductions 95

InterWest Insurance Services

MARCH 23, 2023

Others stopped taking care of their overall health, by exercising less and drinking too much and putting off regular checkups, leaving them worse off health-wise than they were before the pandemic. Wellness programs can bridge the gap between employees’ overall health and your group health insurance.

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InterWest Insurance Services

NOVEMBER 11, 2024

It’s almost time for year-end small group open enrollment and you need to drive engagement so that your employees can make informed decisions about their health insurance options. Provide employees with a breakdown of medical and pharmaceutical cost increases to avoid sticker shock.

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Griffin Benefits

SEPTEMBER 5, 2023

As healthcare costs have risen rapidly in the last decade, employer-sponsored health insurance premiums have followed,1 affecting both organizations and employees. CLINICAL INFORMATICS FOR ALL Clinical informatics was once limited to large healthcare plans, which could access analytics and informatics through their insurance brokers.

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Business Management Daily

APRIL 24, 2020

Employees holding high-risk positions in the warehousing, delivery, grocery and health care fields are seeing their wages increase as colleagues get sick and demand for labor increases. Forty-six percent of retail workers and 29% of health care and pharmaceutical workers are receiving some form of hazardous-duty pay, according to WorldatWork.

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warehousing Health Insurance Pharmaceutical Insurance 72

HR Digest

MARCH 8, 2020

It conducts clinical trials on behalf of its pharmaceutical clients and provides regulatory, consulting, and market access to expedite the drug approval process. Anthem is a healthcare service provider and provides health insurance across the United States. It is a biopharmaceutical services company with a global presence.

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Work From Home Pharmaceutical Health Insurance Engineering 85

HR Digest

SEPTEMBER 2, 2021

Anthem: The healthcare insurance company is requiring employees to get vaccinated to enter its headquarters or other open offices. It is also the first health insurer to offer financial incentives to employees for getting inoculated. Pfizer: The pharmaceutical giant’s U.S. Starting Oct.

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Business Management Daily

NOVEMBER 27, 2019

Reducing specialty pharmaceutical spending. Health benefit spending follows the 20/80 rule. A new study from the Employee Benefit Research Institute finds that a small minority of employees account for a huge majority of health insurance plan spending. account for 80% of total spending on health care services.

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Global People Strategist

MAY 25, 2022

Aerospace, automotive, pharmaceuticals, beauty products, skincare items, luxury goods, telecoms, and hospitality all play a significant role in keeping the French economy running successfully. Health Insurance. There are many other industries that contribute to France’s GDP and the overall economic growth. Job Security.

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CorpStrat

AUGUST 15, 2024

” It seems like it should be a simple answer, but in today’s rapidly changing pharmaceutical and insurance landscape, it’s becoming increasingly complicated. And, your health plan may encourage use of a certain pharmacy The Bottom Line So, how much is your drug copay? The honest answer is: it depends.

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InterWest Insurance Services

MARCH 21, 2024

A new area of potential liability for employers was recently opened when a class-action suit was filed against Johnson & Johnson, accusing it of mismanaging its pharmacy benefit manager plan, resulting in the health plan and its enrollees overspending millions of dollars on medications.

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Business Management Daily

SEPTEMBER 15, 2021

Someone definitely could view an employee benefits package that lacks health insurance or paid sick days as a reason to not accept an offer of employment. To aid in the decision-making process, though, here’s a closer look at various types of employee benefits : Health insurance. Extensive maternity care.

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Insperity

JANUARY 13, 2014

This ratio compression is expected to result in higher premiums for younger individuals, as insurers account for the drop in premiums for older individuals. Most small businesses should expect to see an increase in their health insurance premiums due to this age ratio compression. Early bird special? Strength in numbers.

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Best Money Moves

MARCH 19, 2020

How much are your basic monthly living expenses, including food, shelter, health insurance, transportation, childcare? While your medical debts are important, your health insurance will continue even if your medical bills grow. How much cash can you get your hands on quickly, if you need it?

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InterWest Insurance Services

MARCH 6, 2025

There is a general truth in the health insurance sector: If Medicare and Medicaid are given the green light to cover a certain drug, insurers in the group health and individual health insurance market usually follow suit. However, this does not mean they would cover them outright.

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