Drug spending in the US continues to rise at record rates, with pharmacy benefits representing nearly 25-30% of total health care costs. This reality is forcing many businesses to rethink their pharmacy strategy. While for some this has meant shifting costs to the employee, or reducing benefits, we invite you to consider a different approach to tackling this challenge. Marsh McLennan Agency (MMA) has taken a creative approach to rising pharmacy expenses by building a center of excellence, MMA Rx Solutions. Our approach is working – in fact, Rx Solutions is delivering an average savings of 15–20% of pharmacy spend for our clients.
MMA Rx Solutions makes use of advanced analytics, pharmacy expertise, and industry intelligence, to help manage pharmacy expenses. We do this through a targeted two-pronged approach by aggressively managing the pharmacy benefit managers (PBM) contract and by offering advanced Rx interventions like specialty drug management. Together this enables us to generate savings for our clients.
We invite you to learn a bit more about how we are tackling this growing challenge.
