High Drug Prices

60 Minutes – High Drug Prices and the Role that PHARMACY BENEFIT MANAGERS Play

Recently, 60 Minutes hosted an expose’ about healthcare cost increases which are driven by waste/price manipulation in the pharmaceutical industry.  Please click on the below link to view a brief/informative documentary on the subject,.




You may want to know what strategies can be deployed to address this issue. First, every employer’s situation is unique; however, the following general guidelines apply:


If you are fully insured, there is very little you can do to address these issues. Management, or lack thereof, will be up to the insurance carriers, which can have misaligned financial incentives tied to the structure of the formulary.


If you are large enough to be self-funded, applying scrutiny to the PBM contract is the clear recommendation.  That scrutiny, which can take on many forms, is best performed by a stakeholder aligned with the best interest of employers and their employees and not the insurance carriers and/or the PBM’s.


Here is a recent blog post we published on “The Top Five Responses to Ward Off Rising Pharmacy Cost“. It presents some insightful strategies to consider.


Please contact us with questions at www.benefitcompany.com or 678-904-9333.

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Michael Taylor
Michael Taylor
15:28 07 Feb 20
I have been working with The Benefits Company for more than 3 years and our organization has been a client for many... more. Every member of the team is very responsive and professional. The often present to our C-Suite and the C-Suite values the partnership.TBC goes above and beyond with any request that we have as it pertains to our benefits or HR programs. Every year they present us with various considerations to consider for the next year. John Hearn is has great knowledge industry. Our account manager, Stacy Cook, is very responsive and is an extension of my team.read more
19:21 05 Feb 20
I can't say enough good things about my experience. During my cancer diagnosis, the last thing you want to worry about... is how your Insurance Company is going to actually work for you. I of course, had many questions, which were always answered in "full detail". Amy Towe, our Insurance representative could not have been more helpful. She would check on things for me and always got me an answer promptly. Amy was always available when ever I had a question. She defiantly made the entire process easier. I truly can say enough about her. Her caring was so appreciated throughout my entire journey.Angela Adamsread more
Anne Lalinde
Anne Lalinde
19:09 05 Feb 20
Have worked with The Benefit Company for years through different companies. I appreciate the boutique level services... provided. The Benefit Company is a class act.read more
Marilyn Wiederhold
Marilyn Wiederhold
17:36 05 Feb 20
I have worked with The Benefit Company for over 8 years. They are the best!! Amy Towe and Christine Muro are so... helpful. they make my life so much easier!!read more
Andrea Glass
Andrea Glass
17:30 05 Feb 20
My experience working with the benefit company has been SENSATIONAL! They are truly customer driven, and go above and... beyond to deliver amazing customer service!read more
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