Employee benefit plans are dynamic. They need to be adapted to changing economic, business, demographic, and other forces that affect these plans and the business community. Otherwise, they can rapidly become outdated and unnecessarily expensive.
The Prescription Drug component of the Employee Benefit program is a critical element of an employer-sponsored health and productivity benefit program. Understanding your organization’s position in relation to other employer-sponsored programs can help you measure your pharmacy benefit plan(s) relative to the employer marketplace. It also can help you compete effectively in attracting and retaining high-quality employees, managing prescription drug plan costs and developing appropriate strategies to respond to the challenges of the current economic environment.
Buck's Prescription Drug Benefit Survey covers these issues and more.