Instant Insights / Cutting Health Care Costs with Reference-Based Pricing

Learn all about reference-based pricing and why you might want to implement it.


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Closed formularies, tiered payment plans, step therapy and direct negotiation with drug manufacturers are some of the ways that employers are trying to hold down costs. (Photo: Shutterstock)

Prescription drug spending continues to be one of the most pressing concerns for employers when it comes to health care costs. And while drug costs, especially for specialty pharmacy drugs, are expected to continue to rise, there are strategies that may help businesses keep those increases to a manageable level, especially if they can develop partnerships with brokers and pharmacy benefit managers.


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