Pharmacy Benefits are delivered through a complex supply chain that has been designed to provide little transparency to employers and employees – the ultimate payers of healthcare. Imagine being asked to sign a contract with a vendor that tells you what you can and can’t purchase. Further imagine this vendor does not share the cost that you will pay for these goods. Finally, imagine this vendor acts solely as a middleman as they do not produce or purchase the goods themselves.

Pharmacy Benefit costs have increased 50% over the last 13 years and with new, expensive drugs continuing to be introduced, there is no relief in sight. This session will arm buyers with the information they need to turn the ambiguity of Pharmacy Benefit contracting into savings.

Contributors: Caterpillar Inc., Health Strategy
Categories: 2019 Spring - Amelia Island, Summit Presentations
SRC Type: Category Specific, Corp Services Spend