A growing number of employers plan to drop pharmacy benefits to their Medicare-eligible retirees.
That development, reflected in a survey by Buck Consultants, appears to be an outgrowth of the Patient Protection and Affordable Care Act.
"Employers have options for controlling prescription drug costs for Medicare-eligible participants," said Paul Burns, a principal at Buck Consultants. "For example, since Retiree Drug Subsidy payments are no longer tax-exempt and do not keep pace with rising drug costs, some employers are considering moving to an Employer-Group Waiver Plan to take advantage of additional subsidies available as a result of the Affordable Care Act."
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