Key Takeaways Tiers group medications by cost to balance affordability and access, with most employers using three or four levels. Tiers help manage pharmacy expenses, which make up a large portion of healthcare costs, with PBMs negotiating prices. Tiers offer...
In today’s competitive job market, attracting and retaining top talent has become one of the biggest challenges for employers. While offering competitive compensation remains important, employees now seek more than just a paycheck. They are looking for companies that...
In today’s healthcare landscape, managing pharmacy spend has become a critical concern for employers and employees. With prescription drug costs steadily rising, the impact on company budgets and individual out-of-pocket expenses cannot be overstated. As these...
As we step into the second half of 2024, the landscape of healthcare and pharmacy benefits continues to evolve at a rapid pace. Prescription drug prices, accessibility, and affordability remain at the forefront of discussions, not only among policymakers but also...
The first half of 2024 has brought several important changes to the pharmaceutical industry. This report highlights the major trends observed over the past six months, including: Evolution of drug prices Growing use of generic drugs Rise in specialty medications Key...
Introduction Pharmacy benefits are more than just a perk; they are a lifeline. Did you know that nearly 60% of adults in the U.S. take prescription medications to manage chronic conditions? ¹ This staggering statistic underscores the essential role of pharmacy...
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