TRANSPARENCY = Clarity in contracts. No hidden fees. Of any kind. For anything. Formularies driven by cost-effectiveness and efficacy, not rebates.
The Business Group on Health is a network of today's largest and most progressive employers, including 74 Fortune 100 companies. According to their 2024 Large Employer Health Care Strategy Survey: Ninety-two percent of employers are concerned or very concerned about high-cost drugs in the pipeline, and 91% are concerned or very concerned about pharmacy cost trend overall. Those concerns appear to be well-founded, as employers experienced an increase in the median percentage of health care dollars spent on pharmacy, from 21% in 2021 to 24% in 2022. Various pharmacy management strategies, such as implementing a transparent pharmacy benefit manager (PBM) and plan design changes to address costly medications and treatments, are planned by employers for 2024.