A Solution for Rising Drug Costs

Topics:
Health Insurance
Tags:
CFO Publishing Corp.,
Employer,
Healthcare,
Prescription Drug
Source:
CFO Publishing

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Overview: With the cost of prescription drugs rising at an alarming rate, employers are likely to ask employees to foot a greater percentage of pharmacy benefits bills. However, the tight labor market may make it hard for employers to get workers to accept coinsurance plans. Besides limiting coverage, employers can cut drug-benefits costs by educating employees about the tactics of direct-to-consumer (DTC) marketing of prescription drugs. With celebrities often advocating the use of costly brand-name prescription drugs on television, employers can curb utilization by pointing out that such commercials encourage people "to take a drug rather than change a habit.”

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Format: HTML | Date: Jan 2001 | Pages: 2

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