Benefit
 Health Advisor
 

Spending in the US for prescription drugs is about 6 times what it was one decade ago. 


The average number of retail prescriptions per capita was 12.6 last year. Retail prescription prices are increasing on average 6.9% per year, nearly 3 times the rate of inflation. 


Demand for prescriptions is increasing by more  than 7% every year. 90% of seniors and 58% of non-elderly adults rely on a prescription drug on a regular basis. 


The pharmaceutical industry is among the nation’s most profitable industries with profits averaging 19.6%, compared to 6.4% for all Fortune 500 firms.


Statistics according to

The Kaiser Family

Foundation

Prescription Drug Strategy

Over the last couple decades, prescriptions have grown into one of the most utilized and costly aspects of medical plans. With prescriptions

playing a vital role in today’s healthcare environment, Benefit Health Advisor directsspecial attention to the costs associated with  prescription benefits.

Keys to Managing Prescription Costs


Plan Design – Proper plan design and proactive plan management can create

powerful incentives for plan beneficiaries to utilize the most cost-effective and

medically appropriate prescription treatments.


Drug Utilization Reviews – Regularly reviewing plan design and comparative

utilization reports allows for making changes when necessary and ensures the proper structure is in place to maintain incentives and cost objectives.


Education – In addition to plan design, employee education about things such as

generic utilization programs or mail order options can positively affect the way

members use the plan and the associated costs.


Focus on Wellness – By implementing comprehensive wellness programs, employer groups can have a large influence on improving employees’ health. In doing so, medical expenses, including prescriptions can be reduced. Benefit Health Advisor hasthe most cutting edge prescription-specific wellness plans available.


Prescription Pricing – Benefit Health Advisor provides the experience and expertise necessary to negotiate the best pricing possible while still providing coverage for medically appropriate care for plan beneficiaries. Leaving no stone unturned, Benefit Health Advisor has used market information on average wholesale price discounts, administration fees, dispensing fees, rebates, etc to obtain propriety pricing that is sure to save you money. At Benefit Health Advisor, we realize that aggressive prescription pricing is imperative to reducing claims cost.