How can your business save on health insurance expenses? Find out in our Expense to Profit posts below all about Health Insurance expense reduction.
The COVID-19 pandemic has affected all sectors of the economy, including the pharmaceuticals. The majority of self-insured employers are not planning to make any changes in their pharmacy plans, even with the pandemic. A recent survey has found that 90% of self-insured employers are not considering reviewing their pharmacy plans. This percentage jumps to 100% for companies that have more than 1000 employees. Why is this? This article will look at what self-insured employers and self-insured companies are, how PBMs work, and more. What is Self-Insured Healthcare? Today many companies opt-out of utilizing a traditional insurance plan and instead are