Remove Employee Benefits Remove Management Remove Out of Pocket Cost Remove Pharmaceutical
article thumbnail

Pharmacy Benefit Manager Reform: What’s on the Horizon?

McDermott Will & Emery Employee Benefits

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.

article thumbnail

New Insulin Price Cap Could End Up Saving Payers Money in the Long Run

HR Digest

By Mark Campbell, Senior Vice President of Clinical Solutions at RxBenefits , the employee benefits industry’s first technology-enabled pharmacy benefits optimizer (PBO) Diabetes has reached epidemic proportions. Furthermore, the cost of treating and managing the disease has risen to $327 billion.

article thumbnail

3 Ways to Strengthen Cost Management for Pharmaceutical Benefits

Griffin Benefits

Here are three ways to manage the cost of pharmaceutical benefits. Focus on fundamentals for Rx cost savings. If employers/plan sponsors and their pharmacy benefit managers (PBMs) can’t control the runaway costs for specialty drugs, they can at least slow the cost impact on the pharmacy benefit.