Prescription price shock: Providence finds solutions in many places

Providence Health Plan is taking a multi-pronged approach to containing runaway prices for specialty drugs. For one thing, the insurer is targeting the unit cost of drugs and relying as much as possible on Providence Health & Services' own specialty pharmacy. "We're working really diligently to keep unit costs at the most cost-efficient level, so that drugs are not used as a primary way to gain margin, in terms of profit," said Helen Noonan-Harnsberger, Providence Health Plan's director of Pharmacy. For…
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