Tackling rising prescription drug costs: A guide for HR benefits leaders

While you may not be able to fully control rising prescription drug costs, you can implement checks and balances to ensure responsible use of these therapies.

By Janet Young, M.D. | May 02, 2024 at 01:28 PM

As an HR benefits manager, few things are more frustrating than unpredictable and escalating prescription drug costs. These costs have far outpaced general inflation for years, and a new study by Business Group on Health (BGH) reveals that, amid increases in the percentage of health care dollars spent on pharmacy, 92% of employers are concerned about high-cost drugs in the pipeline, with 91% reporting concern about pharmacy cost trends overall.

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