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Attention CFO’s, CHRO’s and Benefits Brokers: Are you doing your fiduciary responsibility with regards to your PBM providers on behalf of your employees?
For years, we have trusted the big 3-5 PBM providers to secure net lowest cost of pharmacy costs. It has been in the recent years that the big 3-5 have been called in to testify before congress to explain the excessive costs for pharmaceuticals. Now, two large national companies are being sued by the employees for overpaying for pharmacy benefits.
Don’t be scared to ask questions about other options. RX Protect has helped over 150 self-funded employers save millions in Rx costs without changing their current PBM or benefits plan. Our voluntary program can help you with your fiduciary responsibilities by offering a lower net cost option on many drugs. Employees will thank you!
J&J faces class action over employees’ prescription drug costs
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