United Benefit Advisors Insight and Analysis Blog

Employer Strategies for Managing Prescription Drug Costs

Posted by: Mary Drueke-Collins, FSA    Jul 20, 2017 9:46:29 AM

Modern medicines have resulted in longer, more productive lives for many of us. Prescription drugs soothe sore muscles after a strenuous workout or manage the conditions of a chronic disease. Unfortunately, this use of prescriptions drugs can come with a hefty price tag.

Americans are spending more money on prescription drugs than ever before and the United States as a nation spends more per capita on prescription drugs than any other country. With the cost of some drugs exceeding thousands of dollars for a 30-day supply, this can translate into financial hardship for many Americans.

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Topics: UBA Health Plan Survey, health plan design, prescription drug cost, prescription drug copays, coinsurance