Pharmaceuticals

The U.S. agreed to exempt U.K. pharmaceutical products from tariffs.

The plan to eventually phase out rebates portends a seismic shift in the flow of billions of dollars among drugmakers, insurers and employers.

Key to cost containment lies in partnering with transparent PBMs, a more thoughtful approach to prescribing GLP-1s and encouraging the uptake of biosimilars.

Without the right contractual terms in place, hidden costs may mar pooled purchasing power at the expense of employer clients.

The incentives to encourage non-generic brands will encourage pharmacies to keep them in stock and increase their profits, says UnitedHealth's CEO.

President Biden's Inflation Reduction Act is expected to save taxpayers an estimated $237 billion over the next decade.

Definitive steps can be taken to strategically optimize pharmacy benefits in a way that balances cost with quality care.

Drug shortages have soared to a five-year peak as low profit margins discourage investment in generic manufacturing.

Pairing coverage with the highest quality behavior change support will put employers ahead of the curve

In a joint open letter, executives said the ruling undermined the U.S. regulators authority.

The pharmacy chains were sued for allegedly failing to create legally mandated monitoring systems to detect illegitimate opioid prescriptions being filled.

Pharmacy benefit managers, or PBMs, suspended in-person audits because of COVID last year, shifting to virtual audits, allowing benefit managers to review — and potentially deny — more pharmacy claims than ever before.

For most employers, just 1% of their members are driving 40% or more of pharmacy benefits costs.

Seventy five percent of employers reported being directly affected by opioids, often as contributing to workplace accidents, lost productivity, staffing issues, missed workdays, and increased care and leave costs.

In order to maximize the plans fiduciary responsibilities, a contract with appropriate terms and definitions must be in place to allow the plan to exercise their right to carve-out prior authorization.

Drugs used to treat chronic conditions are being tried on coronavirus patients; CVS wants to ensure there’s enough to go around.

As medication costs continue to rise, employers should implement these strategies to mitigate the financial burden of pharmaceutical prices.

A state-run generic drug program would allow buyers to pool their bargaining power.