NPS offers truly customized, comprehensive program design strategies geared to generate overall savings and convenience for plan sponsors and members. Before we explain how, here’s what you should know about the role pharmacy benefits will play in the future for group and commercial health insurance.
Consolidation of drug companies has and will continue to affect the costs of brand and generic drugs alike. At both ends of the drug development pipeline, mergers and acquisitions are rapidly shifting the way medications are researched, tested, manufactured, and dispensed. From clinical research organizations and drug makers, to pharmacies and PBMs, new business relationships are setting new precedents in the way people get prescription drugs.
In coming years, pharmacy benefit managers will face higher scrutiny, and they should. Gone are the days of simply establishing a formulary, encouraging generic utilization, and applying slow-to-evolve pricing schemas. Today, benefit plan administrators must both anticipate and adapt to breakthroughs in drug research to ensure proper coverage.