Formulary management is one of the most important tools employers can use to control prescription drug costs within a health insurance plan. For Pennsylvania businesses, the way medications are covered, tiered, and reviewed can affect pharmacy benefit costs, employee out-of-pocket expenses, and future health insurance premiums.

Prescription drug spending is often a major part of the health plan renewal conversation. Specialty medications, brand-name drugs, chronic condition treatments, maintenance medications, and increased prescription use can all raise plan […]