Three Year Drug Trends and Cost Strategies

January 25, 2012 11:45 AM to 1:00 PMMercer's Blackcomb Boardroom - 8th Floor, 550 Burrard St, Vancouver, British Columbia
Format: In Person
CPBI Roundtable

Drug costs continue to remain the major cost driver in benefit programs, and the continuing introduction of biologics has forced plan sponsors and consultants into looking at non-traditional cost containment strategies that regulate the usage of high cost biologics. The new and innovative formularies are specifically addressing these catastrophic drugs while maintaining the balance between access and cost escalation. Tools are being developed to help the employee, and their physician, make cost effective drug choices prior to filling their prescriptions.

Speaker: Dave Wowchuk, Vice President of ClaimSecure

Join us for a presentation that will:

• Discuss drug trends both nationally and provincially
• Dissect a drug claim by reviewing the 3 year trend on dispensing fees, ingredient costs, and mark up.
• Review the generic substitution trend
• Review the Specialty Drug (Biologic) Fill Rates
• Engage your employees into smart purchase decisions that minimize employee and plan sponsors contribution
• Outline the future of non-traditional formulary management