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Employer understanding of specialty pharmacy benefits falls short

Twenty-five percent of employers say they have little or no understanding of specialty pharmacy benefits while 53 percent say they have just a moderate understanding, according to a recent survey by the nonprofit Midwest Business Group on Health.

By Amanda McGrory-Dixon | Updated on September 29, 2011

Twenty-five percent of employers say they have little or no understanding of specialty pharmacy benefits while 53 percent say they have just a moderate understanding, according to a recent survey by the nonprofit Midwest Business Group on Health.

Of the 120 surveyed employers, which vary in size from 500 to 25,000 employees, most say they don’t know how much is being spent on specialty pharmacy medications through their medical or pharmacy plans. Nearly 30 percent say they’re unaware of how much their total specialty claim costs had increased over the last three to five years.

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