Understanding the Prescription Drug Affordability Crisis

Seminar Information

Seminar Content:

Today, most employers are seeing the cost of prescription drugs to be a major part of their total health care spend. On average, pharmacy represents 20% of an employer’s total health care spend but others can see that percentage rise to nearly 50% with the emergence of specialty medications. The world of prescription drugs is like an onion—the more layers you peel back the more you find out how the deck is stacked against employers and consumers. By attending this seminar, you will learn how to better understand the moving parts that make up pharmacy and what you can do as a plan sponsor to address the cost.

Areas we will cover include:

  • Prescription Benefit Manager’s role & how they profit from rebates, margin & fees
  • The pharmaceutical industry tactics for delaying the launch of generics
  • President Trump’s recent announcement of a blue print to reform pharmacy
  • The transition from pills & capsules to gene therapy

Who Should Attend:

HR Personnel

SHRM Recertification Provider CP-SCP Seal 2019_CMYKFor HR professionals: this program is valid for 2 PDCs for the SHRM-CP® or SHRM-SCP®.

 

 

Presenter:

Frett, Terry (1)Terry Frett, CEBS, ChHC, CLU, CPCU, REBC, RHU
R&R Insurance Services
As a respected advisor and insurance agent with more than 35 years of experience, Terry is a client advocate, educator and consultant for employee benefit programs. His expertise includes managing costs in the areas of plan options, self-funding, reform options, and analytical tools. He also focuses on wellness programs and resources, employee health and voluntary benefits such as dental, life and vision.

 

Sessions quickly fill up! To make sure that you have a spot reserved at the next seminar or if you have any questions regarding the seminars, email Stephanie.Schreiber@rrins.com or call 262.953.7238.