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October 17, 2023 – Smart Plan Design for Cost Control: Navigating Weight Loss Meds, The Biosimilar Pipeline & Manufacturer Assistance

InterWest Insurance Services

WHEN: October 17, 2023 10:00 am – 11:00 am WHO SHOULD ATTEND: Business Owners, HR Professional, Finance Professionals; Employers with 50+ employees exploring self-funding or captive strategies, including those currently in captive agreements.

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Employers Wrestling with Covering Weight-Loss Drugs

InterWest Insurance Services

These groundbreaking drugs — the most popular sold under the brand names Mounjaro, Ozempic and Wegovy — are partly to blame for overall pharmaceutical benefit costs jumping 8.3% Employers and insurers are now faced with the prospect of exploding drug costs if demand continues to boom and doctors write more prescriptions for them.

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PepsiCo and Pfizer named Top UK Employers 2023

Employee Benefits

Food and drink manufacturer PepsiCo UK and pharmaceutical firm Pfizer UK have made the Top UK Employers list for 2023. The Top Employers Institute compiled the list by reviewing HR policies and people practices across organisations around the world, including 99 UK organisations. Image credit: 8ED8 / Shutterstock.com.

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New Approaches to Managing Health Care Costs, Improving Outcomes

InterWest Insurance Services

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. The goal for these employers is to reduce their and their employees’ costs and improve health outcomes.

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Captive Health Insurance and Prescription Drug Costs

AssuredPartners

She adds, "It's important to understand why there are continuous cost increases and what employer groups can do to lessen the impact." Over the last ten years, pharmaceutical companies have produced over 150 specialty drugs. Instead, it will fall under what the pharmaceutical industry refers to as a biosimilar drug.

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8 Ways Employers and Employees Can Save On Prescription Medications

Griffin Benefits

While these higher deductibles are offset by cheaper monthly medical premiums and often by employer contributions to Health Savings Accounts (HSA), HDHP plans are nevertheless structured in such a way as to promote heightened "healthcare consumerism.". Manufacturer coupons and rebates. Product substitutions. Bulk buying.

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Employers Continue to Look for Unique Solutions to Rising Rx Costs 

HR Professionals Magazine

with specialty drugs accounting for over 50% of total drug spend for most employers. The reality for most employers is that just 1-2% of their members are driving 45-50%, or more of their plan costs. There continues to be a push to find ways to address the growing impact of specialty medications on employer healthcare costs.