Employers cut drug benefits, but improve pricing of generics

Published Updated 3 Min Read

As employee benefit budgets remain tight, employers are adopting plan design changes that reduce drug benefit coverage and improve pricing, according to the Pharmacy Benefit Management Institute.   

“Employers are implementing prescription management approaches consistent with their strategy for overall medical benefits. As a result, the complexity of cost-sharing continues to grow driven by increased use of four-tier plans and coinsurance designs which require additional member education,” says Brenda Motheral, PBMI executive director.

Lisa V. Gillespie
Writer

Lisa V. Gillespie is a freelance writer in Washington, DC.


For reprint and licensing requests for this article, click here.


More From Employee Benefit News

Sign Up Form

Login Modal Form