A third of employers this year are evaluating formulary strategies within their plan to either incentivize or require the use of lower-cost biosimilars when available. (Photo: Shutterstock)
Pretty much any action is worth trying if it can help curb the cost of health care for both employers and their workers, according to Willis Towers Watson's 24th annual Best Practices in Health Care Employer Survey.
"In a full-employment economy, employers feel the pressure to offer competitive benefits and can't compromise on employee affordability," says Julie Stone, managing director of Willis Towers Watson's specialty practices within its health and benefits business.
"With employers and employees seeing no end in sight, many companies are getting creative and tapping into overlooked strategies to shrink the total bill," Stone says.
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
