Health-care costs are projected to increase a whopping 130 per cent over the next eight years after a period of relatively flat growth, according to a study published by Mercer in 2017. One of the key drivers is rising drug costs, with expensive specialty medications and gene therapies making up the majority of new products in development. So […]
The largest health insurer in the United States, UnitedHealth, plans to spend more than US$12 billion to buy pharmacy benefits manager Catamaran Corp., one of the top healthcare stocks listed on the Toronto Stock Exchange.
Pharmacy benefit management (PBM) services are one option available to enable plan sponsors to better manage the cost of their prescription drug benefits while also providing members with an enhanced prescription drug service.
The Halifax Professional Firefighters Benefits Trust has been actively managing its plan since going to an administrative services-only program and moving its drug plan to a pharmacy benefits manager (PBM) five years ago.
Benefits management services provider Express Scripts Canada has announced the introduction of a new business model, which, it says, will enable companies to better control the costs of their drug plans.
Pharmacy benefit managers (PBMs) will save U.S. consumers and payers almost $2 trillion in prescription drug costs—a 35% savings—over the next decade, according to new research from Visante, a consulting firm. The research also indicates that another $550 billion could be saved if payers used the full array of savings tools that PBMs offer. “PBMs […]
A U.S. study released by Buck Consultants indicates that the use of third-party pharmacy benefit managers (PBMs) has increased by 10% in the past two years (47% in 2009 to 57% in 2011). With 67% of respondents citing pharmaceutical pricing as “‘highly important ” more and more employers are using PBMs to process and pay […]