|
With prescription costs rising in double digits each year, plan sponsors face difficult challenges offering their employees and retirees
attractive health benefits. How can an employer combat rising prescription drug costs without sacrificing benefit quality and member satisfaction?
Consider the Rx Purchasing Coalition, formed in 2003 by the Texas Business Group on Health, to strengthen employers' negotiating
power and gain access to pricing each could not achieve independently.
Coalition members retain autonomy and complete control over how their benefit plan is structured and financed. Beyond pricing,
members can also participate in healthcare initiatives and programs designed with the mission, vision, and values of each organization in mind.
If you're considering a better alternative for managing your pharmacy benefit, consider joining the Rx Purchasing Coalition.
Did you know…
63% of employers surveyed have changed or will change their prescription drug plan in 2005.
Here's why you should consider updating yours1:
From 1993 to 2003, the number of prescriptions purchased increased 70%.2
Today, plan sponsors are spending 88% more on health care than they did eight years ago.1
And 96% more on prescription drugs than they did five years ago.3
Looking for a better alternative to controlling your plan's prescription drug costs?
Several employers with large employee populations in Texas have found a better alternative through the DFW Business Group on Health's Rx Purchasing Coalition. Coalition members are carving out their prescription drug plan to obtain more proactive plan management from an experienced PBM that is focused solely on managing their plan's drug costs.
Here are some of the key benefits for participating companies:
Deep volume discounts on prescription drugs
No administrative fees
Reduced claims processing and dispensing fees
Better manufacturer rebates
Complete control over your plan design
Benchmarking against peer companies, regionally and nationally
Sources:
1. Towers Perrin 2005 Health Care Cost Survey
2. IMS Health website at www.imshealth.com and Census Bureau at www.census.gov
3. Centers for Medicare & Medicaid Services, Office of the Actuary
|
Fax:
(214) 382-3038