This Month Only! >> $20 off and a FREE SHRM tote with your membership and code TOTE2018!
Sign up for free email newsletters and get more SHRM content delivered to your inbox.
Is your employee handbook keeping up with the changing world of work? With SHRM's Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Build competencies, establish credibility and advance your career—while earning PDCs—at SHRM Seminars in 12 cities across the U.S. this spring.
#SHRM18 will expand your perspective – on your organization, on your career, and on the way you approach HR. Join us in Chicago June 17-20, 2018
Members may download one copy of our sample forms and templates for your personal use within your organization. Please note that all such forms and policies should be reviewed by your legal counsel for compliance with applicable law, and should be modified to suit your organization’s culture, industry, and practices. Neither members nor non-members may reproduce such samples in any other way (e.g., to republish in a book or use for a commercial purpose) without SHRM’s permission. To request permission for specific items, click on the “reuse permissions” button on the page where you find the item.
The majority of Americans who buy prescription drugs say they are concerned about the costs of their medications, but most are unaware of how much their new prescriptions cost and whether there are lower-cost options, according to a national survey sponsored by insurer UnitedHealthcare.
Consumers' unfamiliarity with lower-cost options and generic alternatives means that consumers might be missing out on significant out-of-pocket savings. For example, UnitedHealthcare estimates that in its plans there could be an annual health care savings of $1.1 billion, including more than $490 million saved on co-pays, if fully insured plan members switched to lower-cost options such as generic equivalents.
The survey highlights a troubling trend: Thirty percent of respondents indicated that the high cost of prescriptions had caused them to skip doses or not take their medication.
Among other findings from the survey, which was conducted in August 2010:
Information on Cost-Saving Options
The survey indicated that a majority of Americans who buy prescriptions are interested in learning more about lower-cost options. According to UnitedHealthcare, ways to helping employees better understand the costs of medications so as to reduce their prescription drug spending while maintaining clinical effectiveness include:
"We've seen very good uptake from our members who are aware of the half-tablet program," Heady added, especially when pharmacists are involved. "When we don't provide any assistance at point of service in the pharmacy, we typically see 10 to 12 percent of our members take advantage of that option. Where we provide some assistance to the pharmacist at the time the prescription is filled, we see that number move up to as much as 30 percent," he elaborated.
Stephen Miller is an online editor/manager for SHRM.
SHRM Online Health Care Reform web page
• Sign up for SHRM’s free
Compensation & Benefits e-newsletter
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Please sign in as a SHRM member before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
SHRM Member Discounts Program
SHRM’s HR Vendor Directory contains over 10,000 companies