Andy NearyI help insurance professionals turn brand awareness into business growth.

Building an Unhittable Health Plan STEP 3

20 Mar 2019 · 2 min

Watch on YouTube

1:33

Andy Neary's short YouTube segment (Step 3 of a series) argues that prescription drugs are the fastest-growing expense in employer health plans, estimating they represent ~25–30% of claims today and could reach ~50% soon. He urges plan sponsors to seek prescription-cost solutions outside insurers (tools named: Rx and Go Global RX Manage, Script Sourcing), integrate them into employer apps (Benazon) and coordinate via medical management programs. Ends with a call-to-action to schedule a demonstration.

Questions this video answers

Approximately 25–30% of claims.

Soon will be 50% of claims.

Chapters

Welcome back to Striking out the status Quo where your health plan is one mindset shift away from greatness. Alright, let's dive right into step three of building an unhittable health plan. Let's look at the prescription to a successful plan. Prescription drugs that is. Listen, the cost of medications is the fastest growing expense inside your health plan. It probably accounts for 25 to 30% of your claims today and soon will be 50% before you know it. If you have a desire to make an impact on your cost, this is the lowest hanging fruit you have. The insurance companies, they have no desire to reduce the cost of medications because they make money on those transactions. You have to bring other solutions to your employees to help them get their drugs at a lower cost. Here's the beautiful thing. There's plenty of solutions out there. Tools like RX and Go Global RX Manage and Script Sourcing give you the ability to Give your employees $0 access to the medications they're already taking today with while your plan saves money. And here's what's even more beautiful. Those tools, they fit right into that Benazon app you've given your employees. And the medical management program you've provided will help your employees make sure they access those solutions effectively. Now, if you're not being shown any prescription solutions today outside of your insurance company, click the link below. Let's schedule a call and I'm happy to show you what's out there and what might be a right fit for your organization. And until next time, bear down, focus on the target and strike out the status quo.