Managing Prescription Drug Costs
The cost of prescription drugs is rising year after year.
In fact, an astounding 20% of the average employer’s total health care claims cost is spent on prescription drug coverage. By not properly managing these expenses, employers do not just hurt their overall bottom line, but they drain valuable resources, hindering the types of benefit plans they are able to offer employees.
Potomac Companies works closely with employers to effectively manage prescription drug costs using a variety of proven techniques, saving our clients money for years. We provide education on prescription drug coverage options and self-funding opportunities, and work with employers to create incentives for using lower-cost prescriptions. By implementing a series of effective programs, Potomac Companies is able to reduce the cost to employers by 3% to 8% of their total medical premiums.