How plan sponsors can contain rising drug costs in 2021

Author: External Author | | Categories: Benefits Plan Review , Business Interruption Insurance , Employee Benefits , Employee Insurance Plan , Group Benefits , Group Benefits Specialist , Group Insurance , Group RRSP , Professional Disability Insurance , Registered Retirement Savings Plan

With drug costs for plan sponsors steadily rising in recent years, keeping budgets down is top of mind as they plan for 2021.

“The biggest concern for plan sponsors is sustainability,” said Shawn O’Brien, principal of data enablement and drug, health, dental product roadmap for Telus Health, in a press release. “They have to find a way to provide a competitive benefits offering to employees, while at the same time containing costs. It’s a balancing act.”

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Original Article Source Credits:   Benefits Canada  , https://www.benefitscanada.com/

Article Written By:  Staff 

Original Article Posted on:  December 18, 2020

Link to Original Article:  https://www.benefitscanada.com/news/key-steps-for-plan-sponsors-trying-to-contain-rising-drug-costs-154822



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