For Business
GLP-1 drugs like Ozempic® and Zepbound® have gained significant attention in recent years for their effectiveness in treating both diabetes and assisting with weight loss. As their popularity continues to rise, employers face a unique set of opportunities and challenges, particularly regarding cost management and employee wellbeing. What are GLP-1 drugs? Originally designed to help Read More »
The Challenge Employers Face Did you know that pharmacy benefits are one of the most frequently used parts of an employee health plan? That’s why they’re a critical factor in both employee wellbeing and cost control. Rising drug prices and complex benefit structures create challenges for businesses striving to balance affordability and access. Managing these Read More »
Inflammatory Bowel Disease (IBD), which includes Crohn’s disease and ulcerative colitis, affects millions of people worldwide. In the United States alone, it is estimated that between 2.4 and 3.1 million adults are living with IBD with the total annual U.S. health care costs being about $8.5 billion. Managing these chronic conditions often requires lifelong treatment Read More »
To date, there have been 57 biosimilar approvals and 38 launches in the U.S. market, which is good news for your business and team. As new biosimilars enter the market, increased competition brings down the price of the biosimilar and reference product. As biosimilars continue to grow in use, it is important to understand Read More »
With Open Enrollment coming up this fall, we wanted to dive deeper into what goes into the premium rates that employers and employees pay. There are a lot of different factors that go into premium payments, while trying to keep health care as affordable as possible. What goes into determining a premium rate change? It Read More »
We know the upward trend of health care costs is expected to continue, impacting employers and individuals alike. High prescription drug prices, increases in outpatient procedures, and more members needing high-cost hospital care are challenging health plans, employers, patients, and the entire health care system. This increase in the cost of care and demand for Read More »
At Excellus BlueCross BlueShield (BCBS) we provide a health insurance experience that’s centered around the needs and well-being of your employees. We work hard to ensure they’re receiving care that’s built just for them, addressing each person’s health conditions individually and proactively. They’ll be supported with the right care at the right time and truly Read More »
We’re back with part two in our cost saving series. (Click here to learn more about pharmacy saving programs) As a recap, we know the upward trend of health care costs is expected to continue, impacting employers and individuals alike. High drug prices, increases in outpatient procedures, and more members needing high-cost care are challenging Read More »
The rising costs of prescription drugs are quickly becoming unmanageable for self-funded employers and their employees. With the forecasted growth of prescription drug spending over the coming years¹, many employers are now looking for aggressive measures to control these rising costs. In addition to the strain on employers, a recent Kaiser Family Foundation survey showed Read More »
Diabetes is one of the top trend drivers of pharmacy costs due to the growing diabetic population and newer, more expensive therapies recommended earlier in the treatment plan. Read More »