ComplianceMnthlyRecap MH 5.16.22

Employer Strategies for Managing Prescription Drug Costs

Posted by: Mary Drueke-Collins, FSA    Jul 20, 2017 8:46:29 AM

prescription drug costModern 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

Pharmacy Copays in Upper Tiers on the Rise, Coinsurance on the Rise

Posted by: Bill Olson    Aug 11, 2015 11:00:00 AM

PrescriptionUBA recently released new pharmacy data from the 2014 UBA Health Plan Survey which shows a significant increase in the use of 4-tier plans. UBA also released the findings related to pharmacy copay design. Not surprisingly, the majority (67.8 percent) of prescription drug plans utilize copays.

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Topics: pharmacy benefits, UBA Health Plan Survey, multi-tier prescription drug plans, pharmacy copays, health plan trends, health plan design