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Some drugs on the market today are simply a combination of two or more active ingredients that can be found in separate generic drugs for a fraction of the price. These combination drugs, as well as many others, can be extremely costly, resulting in employees unable to afford the medicine they need without “discounts”.

These behind-the-scene discounts result in employees only paying a fraction of the list price of a drug. However, if an employee pays a reduced price for a prescription, the money ultimately has to come from somewhere, typically falling on the employer.

In a recent article written by Denise Roland, he writes:

“Pernicious and others said they issued coupons to keep patient copays low in some cases. Even so, patients likely will end up paying for it indirectly. “Premiums go up, or it’s passed on to employers,” said Michael Rea, chief executive of Rx Savings Solutions, . . .“It all comes out of the same bucket.”’

The pharmacy system can be confusing to navigate. Like any important decision in life, finding the best employer sponsored benefit plan for your company requires extensive research to find the best option available to fit your unique needs.

There are companies out there that specialize in getting the best for the lowest cost. If you were buying a house, you would want a realtor’s help if you were not familiar with the industry the same should go for your employee benefit plan.

Read the article, Drugmakers Turn Cheap Generics into Expensive Pills, from the Wall Street Journal for more information.