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2023 Pharmacy

Benefit Review

Since the beginning, Employers Health has been dedicated to creating healthier workplaces and better access to pharmacy benefits for all.

Market Dynamics

  • State and federal legislation highly focused on drug pricing, patient affordability, rebates and transparency.
  • The market continues to consolidate resulting in a continual loss of choice, flexibility and negotiating leverage for employers.
  • Biosimilars for the world’s highest-grossing medication, Humira, provide opportunities for cost savings.
  • Lower prices for insulin products will benefit individual patients and reduce rebates for plans.

PEAK PERFORMANCE

Better Experiences

First-class experience for clients each time, every time.

  • 4.8 client-satisfaction score on a 5-point scale.
  • 84 Net Promoter Score
  • 99% of client satisfaction survey respondents would recommend Employers Health to a peer.
  • 97% of client satisfaction survey respondents said Employers Health makes the PBM experience better.
  • The Employers Health team enhances results and improves the client experience, working behind-the-scenes with CVS and Optum Rx to proactively find solutions for clients.
  • Custom clinical and utilization management solutions to meet plan sponsors’ needs.

Better Costs

Helping clients achieve their goals by minimizing and flattening trend.

  • Employers Health legal and PBM experts negotiate one of the most competitive deals in the industry.
  • Annual pricing negotiations offset drug inflation and contribute to single-digit trend.
  • Integration of Rx claims with medical carrier.
  • Annual claims audit by a third-party auditor, of which findings and recoveries attributed to specific plans are passed back 100%.
  • 6-8% minimum average annual pricing improvement.

Better Outcomes

A growing client base and team drive greater value.

  • 60 new clients.
  • 350+ plan sponsors, in 40 states, covering more than 1.6 million lives.
  • New clients added $550 million in pharmacy spend bringing our total spend to $3.5 billion.
  • Review of high-cost claims by Employers Health clinical pharmacists on a weekly basis.
  • Improved care for patients with chronic diseases.
  • Elimination of waste, ensuring appropriate use and excluding high-price, low-value drugs.

2023 Employers Health Book of Business

Data collected in April 2024

$3.2B Gross cost
$118.06 Gross PMPM with rebates
4.3% Total gross trend with rebates
42.5% Specialty as a percent of total
84.7% Generic dispensing rate
13.4% Brand price inflation
3.3% Generic price inflation
35 Days’ supply PMPM
45 Average plan participant age
84 Employers Health Net Promoter Score

RETAIL NETWORK

Broad

94%

Restricted

6%
Broad Restricted

90-DAY NETWORK

Restricted 90-day (mail plus 1 major chain)

70%

Mail and Open

30%
Restricted 90-day (mail plus 1 major chain) Mail and Open

SPECIALTY PHARMACY

Exclusive

94%

Open

6%
Exclusive Open

SPECIALTY PRIOR AUTHORIZATIONS AND STEP THERAPIES

Yes

98%

No

2%
Yes No

NON-SPECIALTY FORMULARY EXCLUSIONS

Yes

94%

No

6%
Yes No

NON-SPECIALTY GENERIC STEP THERAPIES

Yes

74%

No

26%
Yes No

ADVANCED CLINICAL STRATEGIES

Yes

92%

No

8%
Yes No

MEDICAL BENEFIT ONLY DRUG EXCLUSIONS (ZOIGEBSNA, ROCTAVIAN, ETC.)

Yes

100%
Yes

Top 3 Classes

Antidiabetics
Dermatologics/ Anti- Inflammatory
Analgesics/ Anti-inflammatory

Top 3 Drugs

Humira
Ozempic
Stelara

Top 3 Specialty Drug Classes

Psoriasis
Oncology
Rheumatoid Arthritis

Interested In Our Industry-Leading PBM Program?

Complete the form below to learn more about Employers Health, our processes and how our team of PBM experts can save your organization money with the power of employee benefits group purchasing. A member of our team will be in touch soon.