PAYING 100% FOR EMPLOYEES’ GENERIC DRUGS…HOW MUCH CAN AN EMPLOYER SAVE?
Orlando Neal, Asst. Vice President and Director of Pharmacy Analytics at Lockton recently spoke with Business Insurance about the viability of the concept of employers who pay 100 percent of the cost of 90-day prescriptions of generic maintenance medications filled by Rx 'n Go. Employers in the Rx 'n Go program are reportedly slashing their pharmacy benefit costs by 10 to 25 percent. Savings accrue to the employer through increased use of generic drugs, which cost significantly less than brand-name drugs, and through Rx 'n Go's lower prices, which are derived from bulk purchasing. Can this really work? Read this story online at (free subscription required).