PLANO, TX--(Marketwired - Mar 4, 2016) - The Pharmacy Benefit Management Institute (PBMI) released the results of its fifth annual Trends in Specialty Drug Benefits Report at its 21st Annual Drug Benefit Conference in Palm Springs, California. Results show that employers are concerned about the rising costs of specialty drugs, but continue to strive to provide valued drug benefits for employees. The report includes responses from 341 employers covering an estimated 14.5 million lives.
"With the pipeline full of specialty medications, it's no surprise that employers continue to spend more time on specialty drug management," says Jane Lutz, Executive Director of PBMI. "While many employers report having or evaluating separate cost-sharing tiers and formulary exclusions as part of their benefit design strategy, several opportunities still exist on the medical benefit."
Key findings from this report include:
PBMI will host a free webinar on March 8, 2016 at 1:30 pm EST to discuss the results of this report. Register today. Click here to order.
About PBMI
The Pharmacy Benefit Management Institute provides research and education to help health care and benefits professionals work with pharmacy benefit managers to design prescription drug benefit programs. Learn more at www.pbmi.com.
Contact Information:
Contact:
Julie Blackman
PBMI
480-730-0814