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As your HR department gets ready for open enrollment, use these helpful references for ideas.
Projecting future price increases, as well as anticipating even more expensive drugs now in the pipeline, can give employers a better idea of what their prescription drug spend will be. (Image: Shutterstock)More than any other element in the cost of health care, the prices of prescription medications are soaring. And as companies try to contain benefits budgets in advance of this year’s open enrollment period and the need to choose which health plans to offer, they’re looking for ways to rein in prescription costs.
Health care data analytics company Innovu has issued a white paper, “6 Tips for Managing Employer Rx Costs,” to help employers project more accurately what they’re going to spend on prescriptions in the months to come.
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Marlene Y. Satter has worked in and written about the financial industry for decades.
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