Tag Archives: Reducing Prescription Drug Costs

President Trump on Friday released what he calls “a blueprint to bring soaring drug prices back to earth,” as he attempts to reduce the cost of prescription drugs. Additionally, the president has said “This is a total rip-off!”  Powerful rhetoric and not overly insightful, but will it work? According to the administration, the new Trump […]

2016 will be a crazy year for PBMs and plan sponsors of pharmacy benefit programs. The cast of characters continues to shrink through market consolidation, and most analysts believe that the trend will continue. At Wilkinson Benefit Consultants (wbcbaltimore.com), we’ve listened to plan sponsors raise the questions of “Where do we turn?” and “How can […]

By now most prescription drug plan sponsors have seen the growing impact of specialty drugs on their health plan’s benefit budget.  Reducing prescription drug costs requires a strategic and tactical plan to tackle the problem. Specialty drugs continue to blow the roof off of prescription drug cost trend estimates.  2014 saw specialty trends at 27% […]