Prescription drug costs are out of control, sure, but the real frustration for most employers isn’t just the rapidly rising price tag. It’s the black hole of visibility. When you’re constantly operating without clear benchmarks or transparent pricing, how can you possibly know if you’re getting ripped off on your pharmacy benefits? Spoiler: Most employers…
For most organizations, prescription drug benefits represent one of the largest and least transparent components of their healthcare spend. Unfortunately, much of that spend is inflated by inefficiencies, hidden fees, and outdated procurement models. But what if those wasted dollars could be transformed into meaningful resources that support your people? More and more self-funded employers…
When it comes to employee benefits, doing nothing can feel like the safest and most comfortable decision. Avoid the disruption, keep the same vendors, maintain consistency. But what many employers don’t realize is that maintaining the status quo can be one of the most expensive decisions of all. Inaction Has a Price Employers who stick…
What Are the Benefits of Being Self-Funded vs. Fully Insured? As healthcare costs continue to climb, more employers are taking a closer look at how they pay for employee benefits. A key decision for any company is choosing between a fully insured or a self-funded health plan. Knowing the differences, and especially the long-term benefits…
Understanding the Role of PBMs in the Prescription Drug Supply Chain Ever wonder why prescription drug prices feel so out of whack? A lot of it comes down to Pharmacy Benefit Managers (PBMs). To keep healthcare expenses under control, employers should understand how PBMs operate and the role they play within the drug supply chain…
2nd edition On the Radar: Industry Highlights from the Frontlines of Pharmacy Benefits At SHARx, staying ahead of the rapidly shifting healthcare landscape is a key part of how we deliver value to our clients and broker partners. In our new bi-weekly feature, “On the Radar,” we share timely, research-based insights that track what’s happening…
What Is a Laser on an Employee, and Why Does It Matter in Stop-Loss Coverage? As more employers move to self-funded health plans to take control of rising healthcare costs, understanding the nuances of stop-loss insurance becomes critical. One of the most misunderstood components of stop-loss coverage is the concept of a “laser.” If you’re…