Volume 08| October 9, 2018
RxReins is a dedicated Managing General Underwriter (MGU) specializing in prescription stop loss insurance for group benefit plans. We work closely with Brokers, TPAs and PBMs to provide the best available products from multiple A-rated carriers in all fifty states . RxReins is a member of the ELMC Risk Solutions family of companies.
MONTHLY NEWS AND UPDATES!
DESPITE BLUEPRINT FOR LOWERING DRUG PRICES, HIGH COSTS CONTINUE

"According to the findings, AP determined that there were fewer price increases in 2018 from January through July compared with comparable prior-year periods, but companies still hiked prices far more often than they cut them. Specifically, through the end of July in 2018, there were 4412 brand-name drug price increases and 46 price cut s.  "

NOBEL PRIZE WAS AWARDED TO RESEARCHERS FOR CANCER FIGHTING METHOD USED IN OPDIVO

"On Monday, American James Allison and Japanese Tasuku Honjo won the 2018 Nobel Prize for Physiology or Medicine for game-changing discoveries about how to harness and manipulate the immune system to fight cancer. Their work in the 1990s has since swiftly led to new and dramatically improved therapies for cancers such as melanoma and lung cancer."

DRUG SHORTAGES MAY ADD $230 MILLION TO ANNUAL U.S. DRUG COSTS

"Prescription drug shortages may drive up prices twice as much as they would rise with medicines in abundant supply, adding $230 million a year to U.S. drug costs, a new study estimates Some of these increases will be picked up by insurance but if patients are paying deductibles, or if they are required to pay a percentage of the price, they could see their out-of-pocket spending increase, Dusetzina added, for patients who are uninsured, they would have to pay the full price."


GUARANTEED COST PROGRAM
"Its the Level Funding for Rx"

Guaranteed Cost Stop Loss insurance offers Plan Sponsors a risk management concept that blends aggregate stop loss coverage with monthly liability limits, creating a program that looks and feels like a fully insured plan. Under the Guaranteed Cost program, employers benefit from a guaranteed monthly maximum throughout the contract year. Having a monthly maximum helps groups manage the fluctuations that may occur under traditionally self funded programs.


Click the link below, to learn more about our Guaranteed Cost Program
RxReins, LLC | 888.797.3467 | Stoploss@Rxreins.coml | www.rxreins.com