Rising drug costs a source of pain? There’s a tiered formulary for that
Anyone who’s ever suffered from chronic pain will tell you it’s a great motivator. When you’re in pain, you’ll go to great lengths and will try just about anything to eliminate or reduce it. I know that from experience. The rising cost of prescription drugs is becoming a persistent source of pain for many employers. For some, the pain has reached levels they can no longer ignore, and many have taken action to manage costs by implementing changes to plan design.
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Article by Kenneth MacDonald, senior consultant with Morneau Shepell.