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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

Manufacturer Assistance Programs: Uncover the power of collaboration with manufacturers to enhance your plan’s cost-efficiency, benefiting your business and your employees. Learn how to stay a step ahead and maximize the potential savings of strategically allowing formulary placement.

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Pharmacy Benefit Manager Reform: What’s on the Horizon? (December 2023 Update)

McDermott Will & Emery Employee Benefits

Pharmacy benefit managers (PBMs) are a key stakeholder in the drug supply chain, functioning as intermediaries between insurance providers and pharmaceutical manufacturers. Congress and other policymakers continue to seek opportunities to lower costs for patients and the federal government.

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

McDermott Will & Emery Employee Benefits

Pharmacy benefit managers (PBMs) are a key stakeholder in the drug supply chain, functioning as intermediaries between insurance providers and pharmaceutical manufacturers. Congress and other policymakers continue to seek opportunities to lower costs for patients and the federal government. appeared first on EMPLOYEE BENEFITS BLOG.

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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% The manufacturers have been struggling to keep up with demand, with Novo Nordisk saying it will take two years to build up production capacity to meet demand.

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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. Other employers included on the Top UK Employers list included facilities management firm Mitie and tyre manufacturer Apollo Tyres UK. Image credit: 8ED8 / Shutterstock.com.

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New Approaches to Managing Health Care Costs, Improving Outcomes

InterWest Insurance Services

” And as new and more expensive pharmaceuticals hit the market, the portion of overall health care costs that goes towards medications will continue to rise. Getting a handle on drug spending Pharmacy benefit costs are the fastest-growing part of health care costs, up an estimated 8.4% Depending on the PBM, this may or may not work.

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GlaxoSmithKline plant employees strike after rejecting 6% pay deal

Employee Benefits

Employees of pharmaceutical business GlaxoSmithKline (GSK) have commenced a series of walkouts across the UK from today (2 May) in an ongoing dispute over pay. More than 160 employees, who are members of trade union Unite, rejected a pay offer which included a 6% increase and a one-off lump sum of £1,300. in the 12 months to February 2023.