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Captive Health Insurance and Prescription Drug Costs

AssuredPartners

And in some instances, it may even save money on a company's medical spend. Organizations invest an enormous amount of financial capital into their health insurance plans, and pharmacy costs continue to increase every year," states Kathryn Simmons, CWCP, CWCC, Vice President Operations, AssuredPartners West Virginia.

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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. Depending on the PBM, this may or may not work.

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Medical Marijuana Within the Context of Workers’ Compensation Claims

The Workcomp Writer

territories 2 allow, at least in some instances, the use of marijuana for medical purposes. Eleven states allow for the use of low THC, high CBD products for medical reasons. Jurisdictions Requiring Reimbursement for Medical Marijuana. 3. . §§ 26-2B-1 to 26-2B-7, et seq.), Four have ruled such reimbursement can be ordered.

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Best Employee Benefits in Light Manufacturing

Winston Benefits

If your company is involved in manufacturing, you know that offering strong benefits is a must. Manufacturing jobs tend to have better benefits than many other industries, so staying competitive can be difficult. If you’re involved in light manufacturing, these top benefits can help you stand out. Strong Health Benefits.

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Employers Wrestling with Covering Weight-Loss Drugs

InterWest Insurance Services

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. People who take these medications can see dramatic weight loss, which has spurred a surge in prescriptions.

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New Health Plan Prescription Drug Reporting Mandate

AssuredPartners

For fully insured plans, health insurance carriers will be responsible for making the necessary reporting from a legal standpoint. Employers who sponsor self-funded health plans should coordinate with their self-funded TPA and pharmacy benefit manager (PBM) to ensure timely reporting of the required data.

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Specialty Drug Spend: Cost Savings for Self-Funded Portfolio Companies

AssuredPartners

Employer-sponsored health plans continue to face increasing costs due to the rising price of medical procedures, prescription drugs, and administrative services in the broader health insurance industry. A growing cost burden for employer-sponsored health plans is specialty medications.