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3 drivers of pharmacy benefits costs (and how to control them)

Benefits advisors today are navigating a complex pharmacy benefits market with many opaque practices and hidden pitfalls.

By Mark Campbell | January 06, 2025 at 09:03 AM

Spending on prescription drugs surged by 9.9% in 2023 and continues to be the fastest-growing health benefit cost, with this “drugflation” expected to rise by another 8% or more in 2025. As a result, finding solutions that can bend the curve is more important than ever.

Benefits advisors play a critical role in helping employers offer robust pharmacy benefits and achieve sustainable savings. Collaborating with the right partner to help clients optimize their plans can help reinforce their value while retaining and growing their client portfolio.

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