Plan Sponsors Slapped Senseless

Plan Sponsor takes another hit from Prescription Queen

“The fact that a drug is 10% higher in cost or in price than last year, it doesn’t mean it’s 10% more effective. It just means that because payers are willing to pay for them, that [the drug makers] keep increasing the price”

Drug makers raise prices because plan sponsors won’t fight back. If plan sponsors would collectively exclude high cost drugs from their plans drug prices would drop quickly. But as long as plan sponsors, insuring over 160,000,000 American workers, continue to blindly pay up, Rx costs will continue to increase.

See article here.

If these arbitrary cost increases continue much longer, government price controls will be inevitable. And it may come much sooner than you think.

Comments are closed.