Health-Care: Understanding Employers' Lack of Insight in Drug Benefits Management
Health-Care and Drug Benefit Management
Employers in the health-care sector frequently find themselves at a disadvantage. Pharmacy Benefit Managers (PBMs) typically manage drug benefits for employees, yet many employers have no clear understanding of this relationship. It's a common belief that PBMs serve employers’ interests, but they are not legally bound to prioritize these interests.
The Implications of Misunderstanding
Without adequate insight, employers risk overpaying for prescriptions and missing out on cost-effective alternatives. As health-care continues to evolve, employers must adapt by seeking transparency and fostering effective communication with PBMs.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.