Because many of the dollar amounts reported on cost increases are so staggering, health plans and pharmacy benefit managers (PBMs) are working together to address increasing drug costs. Here are four measures aimed to control premium and out-of-pocket insurance costs and help manage prescription drug costs.
Employers of all sizes often face increases in health care costs during their annual renewal process. While there are many reasons why, prescription drug costs remain a consistent – and growing - part of the story. Let’s look at three trends that are contributing to increased pharmacy costs and overall health care expenses.