Pharmacy plan ‘carve-outs’ help employers control prescription costs

Many Minnesota employers typically use the prescription drugs covered through their insurers. But new options for self-insurance let businesses hire pharmacy benefit managers independently of their insurance carriers to reduce their health benefit costs. Self-insured plans, where the business assumes more risks in paying employee health care expenses, give employers control over the care they cover and insight into the costs they pay. Pharmacy benefit managers (PBMs) are projected to save employers…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news