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Wal-Mart is expanding a pilot program that eliminates copays on generic drugs purchased at its stores to more employers.
The program already operates at the construction company Caterpillar, where employees who purchase generic prescription drugs at a Wal-Mart or Sam’s Club pharmacy are waived the $5 copayment. Some see the program as a way to help employers reduce health care costs tied to prescription drugs by trimming the work they have to do pharmacy benefit managers.
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Full disclosure of administrative fees, rebates and spread pricing practices is essential to ensure PBM incentives align with a client's best interests.
Chronic conditions like diabetes, heart disease, cancer, and autoimmune disorders affect more than 60% of Americans —
Key to cost containment lies in partnering with transparent PBMs, a more thoughtful approach to prescribing GLP-1s and encouraging the uptake of biosimilars.
The pharmacy landscape is shifting rapidly—and employers are feeling the pressure.
With rising healthcare costs putting pressure on both employers and employees, the challenge is clear:
