prescription drugs Archives - Word on Benefits

Cross-Country Benefits Check-Up

Eli Argueta

25 Jul 202325 Jul 2023

Over the last few months, the Government of Canada has made some significant changes impacting benefits and employee life and health trust (ELHT) plans. It is important for labour and management trustees, public service trustees, professional advisors and corporate plan sponsors to […]

PBM Reform Momentum Heats Up

Amanda Wilke

08 Jun 202308 Jun 2023

The fight to lower prescription drug costs is underway. Congress has introduced a handful of bipartisan bills aiming to tackle drug prices by increasing transparency on pharmacy benefit managers (PBMs) and their practices that increase drug prices for group health plans. Congressional […]

Employee Benefits Health Care Prescription Drugs

RxDC Reporting Due June 1: Here’s What to Know

Anne Newhouse

16 May 202316 May 2023

Prescription drug data collection (RxDC) is the new reporting process required by Section 204 of the Consolidated Appropriations Act, 2021 (CAA). The reporting is meant to capture data on prescription drug (Rx) pricing trends, reimbursement amounts including rebates, identify how Rx costs […]

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Legal and Legislative Reporter: Court Denies Insurance Company’s Motion to Remand AD&D Benefits Claim

Guest Contributor

08 Feb 202310 Mar 2023

Every month, the International Foundation releases the Legal and Legislative Reporter, a compilation of new employee benefits-related case summaries. Below is a summary we thought you’d be interested in. Content provided by Morgan, Lewis & Bockius LLP. The U.S. District Court for the […]

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Employers Covering Prescription Drugs for Weight Loss

Anne Patterson

05 Jan 202310 Mar 2023

A healthy reset has been a standard theme entering the new year, but it shouldn’t be the only time of year workplace wellness gets prioritized. What an individual’s weight says about their health status is an evolving discussion. So too is how […]

Employee Benefits Health Care Insurance Legislative Prescription Drugs Regulatory U.S.

RxDC Reporting Will Bring Changes . . . Here’s What to Know Now

Jonas Leyrer, CEBS

07 Dec 202207 Dec 2022

Late last year, Congress passed the Consolidated Appropriations Act, 2021 (CAA), which contained a provision requiring health care plans to submit Prescription Drug Data Collection (RxDC) reports to CMS. RxDC was made retroactive for 2020 but its implementation was delayed for a […]

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Changes in Health Care Claims Due to the COVID-19 Pandemic

Justin Held, CEBS

10 Jun 202109 Jun 2021

Over the past year, the International Foundation has surveyed U.S. organizations on three separate occasions to examine the implications of the COVID-19 pandemic. In the most recent edition, respondents were asked about changes in the number of health care claims over this […]

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18 Prescription Drug Cost-Containment Strategies For Your Plan

Justin Held, CEBS

08 Jun 202107 Jun 2021

Benefits practitioners have grown accustomed to headlines addressing the escalating costs of prescription drug spending. Despite concerted efforts, the cost of commonly prescribed brand-name drugs continues to grow at alarming rates. A recent study from the University of Pittsburgh stated that over […]

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Health Care Benefits: 20 Benchmarking Considerations for Your Plan

Justin Held, CEBS

31 Mar 202130 Mar 2021

Health care benefits remain a critical part of the relationship between employers and workers, especially during these times of rapid change and uncertainty. In addition to serving as an important financial safety net, these benefits act as a recruitment and retention tool. […]

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Workplaces Fight Against High Prescription Drug Costs

Anne Patterson

20 Jun 2016

The prescription drug train went full speed ahead in 2014 and is not losing steam. A new report from the International Foundation of Employee Benefit Plans asked employers how they are managing prescription drug costs, and responses revealed that, among other expense-saving […]