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A more thoughtful approach to understanding nuanced contracts, proper dispensing and dosing, and servicing members can go a long way toward improving outcomes and saving money.
With prescription drug spending in the U.S. hitting $335 billion in 2018 and prescription drugs expected to be the fastest growing health category over the next 10 years, any action aimed at lowering drug prices should be applauded. However, time will tell if the President’s actions will pay off as intended.
For most employers, just 1% of their members are driving 40% or more of pharmacy benefits costs.