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5 Pharmacy Benefit Trends on Every Employer's Mind

Wendy Barnes, CEO of RxBenefits

If you're a human resources department leader, making the right benefit choices for your business can feel daunting and isolating. That's why we surveyed your peers across the country and asked them to share their pharmacy benefit issues and opinions. We've compiled insights from more than 600 decision-makers in employee benefits, insurance, and human resources to help you understand the top five pharmacy benefit trends on the minds of employers. These insights can assist you in determining how your pharmacy benefit plans stack up against others nationwide.

#1: 93% of employers considered switching pharmacy benefit providers in the last year.

You wouldn't be alone if you requested proposals for your pharmacy benefits plan this year. The rising cost of prescriptions and complicated pharmacy benefit manager contracts were the top reasons for plan sponsors looking to switch. However, most of your peers didn't elect to replace their pharmacy benefit partner due to concerns over managing through the change. Don't let the threat of change hold your plan back from necessary updates that frequently result in improved employee satisfaction.