Employers Choice Rx Adopts RBP Approach

Traditional PBM Representative Reacts 

In 2011 when the Employers’ Advanced Cooperative on Healthcare founded Employers’ ChoiceRx (ECRx) it was the first pharmacy BENEFIT solution built to be a transparent/cost-plus program that focused on “therapeutic equivalent” drugs to achieve a lowest net cost reference price.

In creating ECRx, the EACH Board saw to it that the pharmacy solution addressed the issues around conflicts of interest and misalignment by creating a system of accountability and separating the powers between PBM, Specialty Drugs and Rebates.  This advanced thinking has resulted in having a <2% annual year over year trend for employers compared to Rx industry standards of 8% – 10% annual year over year trend.

Employers Choice Rx