PBM's Specialty Rx Costs Soar Despite Lower Trend

Today's blog highlights the recent Employee Benefit Adviser article that highlights one of the largest PBM's has shaved their drug trend to its lowest point in four years.

Bruce Shutan writes, "CVS Caremark’s overall drug pricing and usage trend fell to an average of 3.2% last year from 5.0% in 2015 with the help of price protection, return of more than 90% of overall rebates, use of generics and targeted approaches. Other bright spots include 38% of commercial customers actually achieving a negative trend and out-of-pocket costs for members decreasing 3% during this period." 

To learn more on this topic, please read the full article HERE!

Performance Pharmacy Solutions (PPS) is a unique pharmacy benefit procurement platform developed by HORIZON Health Ventures to efficiently and effectively place, manage and oversee our self-funded client's pharmacy benefit management programs. The PPS platform provides turnkey solutions with proven market-leading PBM partners that offer, on average, 10-15% savings.