Medical Plans: The Prescription Leak

Situation:

One of the greatest concerns for any business is controlling their company medical spend, which often falls close to the second or third greatest expense on the P&L sheet. It is not uncommon for prescriptions to make up as much as 25% of the overall cost of a plan. So, why is it that so many employers are still focusing on generic steerage when after years of this activity, the members who can take generic have already migrated to generic? The focus needs to be on where to purchase, whether generic or not!

Case:

  • Group with 76 Employees
  • $668,000 in Medical & RX Spend
  • 47% Reduction in RX over 1 Year = $66,000

Outlook:

Don’t put your head in the sand and assume you have no control over one of your greatest expenses! Helping your bottom line in turn will help your employees – make it a win-win! Awareness, information, and tools are all you need!

Let us be your guide so you may regain some control and put your employees in the driver's seat!

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By Stefanie Pigeon 25 Oct, 2022
Situation:
By Stefanie Pigeon 14 Oct, 2022
Situation:
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