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Employee benefit cost sharing rises five percent

Tuesday, November 14, 2017/Categories: Employee Benefit News

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By Bruce Shutan  |  Employee Benefit News

November 14 2017—Extensive research involving group health premium renewals suggests that as employers run out of cost-shifting strategies they are expanding prescription drug tiers to better manage pharmacy benefits.

After years of rising co-pays and then deductible increases, little wiggle room on those cost levers this year “led employers to shift rising premiums to employees and take aim at rising prescription drug costs,” says Peter Weber, president of United Benefit Advisors, which released its 2017 UBA Health Plan Survey.

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