Getting Value from Pharmacy Benefits in a High-Cost Era | Honest HR

As pharmacy costs continue to rise, employers need a clearer understanding of what’s driving their prescription drug spending – and where there may be opportunities to manage costs more effectively. Eric Papp, vice president of employee benefits consulting, M.E. Wilson Insurance, and Eric Porter, vice president of sales, SmithRX, share what HR leaders should know about pharmacy costs, GLP-1s, biosimilars, employee communication, and getting more value from their benefits strategy. This episode is sponsored by Intuit Quickbooks. Learn more at https://quickbooks.intuit.com/team-ma... 0:00 Kicking Off: Pharmacy Benefits in the Spotlight 2:00 The Hidden Business Risk in Pharmacy Spend 4:00 Rebates, Myths and What's Really Driving Costs 8:00 What's Buried in Your PBM Contract 10:00 Winning Employee Trust Through Smarter Communication 15:00 The GLP-1 Question Every Employer Faces 25:00 Biosimilars and the Road to Sustainable Pharmacy Benefits Subscribe to our channel: https://shrm.co/0l0tt5 SHRM is a member-driven catalyst for creating better workplaces where people and businesses thrive together. As the trusted authority on all things work, SHRM is the foremost expert, researcher, advocate, and thought leader on issues and innovations impacting today’s evolving workplaces. With nearly 340,000 members in 180 countries, SHRM touches the lives of more than 362 million workers and their families globally. Discover more at SHRM.org. Advance your career and build better workplaces with SHRM. Become a SHRM Member: https://shrm.co/j5l2ol Attend a SHRM Event: https://shrm.co/jn2yj0 Get SHRM Certified: https://shrm.co/3t0h0f Subscribe to SHRM’s Flagships: https://shrm.co/3qi0uk https://www.shrm.org   / shrm     / shrmofficial     / shrm     / shrmhq   https://www.shrm.org/flagships