Strategies to Reduce Your Rx Drug Spend Within Your Company Health Insurance Plan

A Brown & Brown Virtual Event

You have likely heard about emerging weight loss drugs, but do you know what the cost is for your company?

On average, these drugs are priced over $10,000 per member annually. In many cases, your employees incur a fraction of the cost out of pocket while the company’s health plan costs continue to increase. Total pharmacy benefit spend for employers has reached an average of 30-35% of your total health insurance cost and that share is growing quickly.

What can you do to control costs and maintain strong pharmacy benefits for your employees? Join us for our upcoming webinar where we will discuss the following:

  • Overview of prescription cost drivers
    • GLP-1s
    • Gene therapies
    • Biosimilar prescription drugs
  • Proven strategies to reduce prescription benefit costs
  • Best practices for ongoing pharmacy benefit management

When

Thursday, May 23rd, 2024

10 AM – 11 AM ET

Virtual Webinar

Andrea has been a principal/pharmacy leader with Brown & Brown for over four years, with a focus on formulary and PBM management, specialty drug strategies, customer solution, and pharmacy innovation. Before transitioning to consulting, Andrea’s experience includes operational management for a 1M life health plan, responsible for clinical programs, financials and vendor administration. Andrea holds a BS in Pharmacy and Allied Health Sciences from Northeastern University. She received her Certification in Leadership Studies from Cornell University, ILR. Andrea was published in Managed Care Oncology, Q12013, as an industry thought leader for ‘Managing the Quality and Cost of Medical Injectable Utilization’ and has recently provided thought leadership on biosimilars and the rising trend in weight loss drugs. Andrea is a Registered Pharmacist with an active license in the State of Massachusetts.

Todd has been involved in the design, implementation and management of employee benefit programs for mid- to large-sized employers for over 30 years. He joined the Brown & Brown team in March 2007. Todd’s role in support of customers involved marketing and vendor selection, benefit plan review and analysis, benchmarking review, strategic planning, market updates - providing the tools to facilitate strategic and directed benefit plan management.

Nick has been consulting with businesses for over seven years, with a focus on employee benefits, human resources, compliance and payroll. Nick joined the Brown & Brown team in 2021 as an employee benefits consultant. Nick works with his customers to analyze and optimize various components of their employee benefits plan, including their medical and pharmacy benefits, as well as ancillary insurances such as life, disability and dental coverages. He takes pride in providing an improved employee experience while providing employers with more efficient and effective methods of funding their benefits insurance programs.