Is any progress being made with drugmakers in containing rising prescription costs?

As frustration has been mounting among groups like consumers, providers, employers and lawmakers for some time now, the system for prescription drug pricing is being described as “broken.” It’s an issue that, without government having more control over, is affecting health plans everywhere and making those much-dreaded announcements of needing...

Jun 06, 2019

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2 min read

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How do issues of medication management factor into prescription costs with health plans?

Ask just about any employer who offers a health plan, and a common frustration is the growing cost of prescription drugs. Reducing this expense is far from a simple fix, though. It requires a multi-prong approach, and educating members about medication management is one essential aspect of it. With the number...

Mar 20, 2019

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1 min read

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What will the prescription drug cost picture look like in 2018?

If you missed the number that many sources were reporting last year, it’s predicted that prescription drug spending could reach as high as $610 billion by 2021. Hard to fathom such an enormous total, isn’t it? We’re seeing health care expenditures rising in all sectors, but prescription drug costs are...

Feb 21, 2018

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2 min read

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Why do prescription costs continue to climb at such an unprecedented rate?

To understand why these prices are on such a steady climb, we must first take a closer look at the drug development and distribution process. As companies are developing new drugs, there are often market exclusivity requirements enforced by the U.S. Food & Drug Administration (FDA). This allows pharmaceutical firms to...

Apr 12, 2017

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2 min read

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