Watch the recording of this webinar, “Pharmacy Benefits 101: What Employers Need to Know About PBMs and Drug Spend” here:
About this webinar, “Pharmacy Benefits 101: What Employers Need to Know About PBMs and Drug Spend:”
In the wake of COVID-19 and the Great Resignation, employers across the nation are rethinking how employee benefits can be used to attract and retain talent. Amid this sea of change, employers are also weighing how best to control benefits spend–often an employers’ second biggest line item–amid record inflation and increasing costs. So, how can employers maximize benefits to attract talent while balancing costs and external forces like inflation?
One place to explore is pharmacy. Pharmacy is the only negotiable benefit on a per unit basis, and at up to 30% of healthcare expenditure, it is an area where making an impact can provide better benefits and better control of costs. Unfortunately, the space is also complicated, ever-changing, and full of complex programs that are challenging to untangle.
During this session, our panelists will discuss:
- The role of pharmacy benefits managers (PBMs) and provide an overview of the prescription drug benefits landscape
- Employer challenges and opportunities in the pharmacy benefits marketplace
- How PBMs operate and highlight key contract terms to review
- Common questions around pharmacy benefits, including a brief overview on how to mitigate rising costs and optimize value