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Managing employee benefits: How to combat rising pharmacy costs

We'd like to extend a big thank you to our guest blog contributor - Higginbotham

Prescription drug costs have become a key issue for both workers and their employers. According to the CDC, 60 percent of U.S. adults between the ages of 18 and 64 were prescribed medication during the previous 12 months. This means that the majority of your workers are likely taking at least one prescription, possibly more, during the average year.

As prescription costs continue to rise, controlling this expense is becoming more and more important. Luckily, there are several strategies that employers can use.

Tags: PBM, Pharmacy Benefits Manager, Drug Plan, Benefits, Pharmacy Costs, Employee Benefits
Session 3: A Look at PwC Health Research Institute's 2020 Medical Cost Trend Report

The Advanced Plan for Health team regularly scans the health market for trends, analysis and insight. In our research, we found The PwC HRI Medical Cost Trend: Behind the Numbers 2020 report to be full of valuable healthcare market information and thought our readers would benefit from the report findings. We decided to condense and present the PwC HRI report in a bi-weekly blog series to highlight what we found to be most pertinent to our readers and to better understand factors that could potentially affect the 2020 medical cost trend. Session 3 of 11 sessions.

Tags: Health Plans, PBM, Medicare, Drug Pricing, Biologics, Biosimilars, Prescriptions, Generic Drugs, Brand Drugs, Specialty Drugs, Drug Spend Growth, Health Insurance, Medical Cost Trend

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