Any true relief for employer plans remains in the mid-to-distant future–unless pharmaceutical companies decide to proactively reduce prices to fend off reforms. (Photo: Shutterstock)
Employers hoping for quick relief to their prescription drug cost pain were disappointed by President Trump's price-reduction speech Friday. However, the ambitious, multi-pronged attack on escalating prices–dubbed American Patients First– may at least set the stage for further debate. And that could be a positive outcome for benefits plan designers and administrators who now struggle with the unpredictability of plan costs.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
