Volume 08| August 07, 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!
OFFICIALS EXPLORE IMPORTING PRESCRIPTION DRUGS

"The Food and Drug Administration is forming a working group to examine how the U.S. could import pharmaceuticals from abroad "in the event of a dramatic price increase for a drug produced by one manufacturer and not protected by patents or exclusivity," the Department of Health and Human Services said in a statement."

PRICE DROP 60% FOR HEPATITIS C DRUG

"On Thursday, Merck announced that it would decrease the prices of some of the drugs in its portfolio, including Zepatier, a hepatitis C medication, The Hill reported. According to the article, Merck stated that it will drop the price of Zepatier by 60% and lower the costs of several other drugs by 10%. Additionally, the company said that it would not increase the average net price of drugs in its portfolio by more than the annual inflation rate, the article reported . "

VALUE-BASED INSURANCE IMPROVES COST-RELATED PATIENT ADHERENCE ISSUES.

"The VBID plans were shown to improve adherence among patients without increasing the cost of insuring a patient. Although drug costs grew for insurers, the total price of insurance remained the same, which suggests that improved adherence results in less spending on other health care, according to the study."


Rx Aggregate Premium
Vs
Medical Aggregate Premium

The Stop Loss premium for an Rx only Aggregate policy is not always comparable to a Medical policy. On the medical side, Aggregate coverage is typically bundled with a Specific Individual policy. The Specific Deductible absorbs most of the initial risk exposure. With an Rx only Aggregate Stop Loss policy there is no Specific Deductible and all the risk exposure is included under the Aggregate coverage. Rx Stop Loss premium is still minimal, and provides a lower risk exposure for the employer rather than the carrier.


To learn more, sign up for our webinar or visit our website . RxReins.com
RxReins, LLC | 888.797.3467 | Stoploss@Rxreins.coml | www.rxreins.com