Formularies can often include drugs that have little to no clinical value and drive up costs. These are referred to as wasteful or low-value drugs. Some PBMs include them and some don’t. Why? Some PBMs may have a financial incentive to favor drugs that earn spread revenue.

If your formulary contains wasteful or low-value drugs, you may be spending more than you should. To learn how to combat wasteful drugs, check out our E-book.

E-book topics:

• What are wasteful drugs?
• Why are they included on formularies?
• How to create a waste-free formulary
• How to lower costs, starting with your PBM contract and business model

Removing wasteful drugs goes beyond ‘first-year’ or a ‘one-time’ savings. When you switch to a waste-free formulary, you’ll benefit year after year from lower costs, helping you keep drug trend low over time.

Download our e-book to learn more about wasteful drugs and how you can start saving now.

* Minemyer P, Health spending is likely to grow by 5.4% per year through 2028. Here's why, Fierce Healthcare, fiercehealthcare.com/payer/cms-actuaries-say-health-spending-likely-to-grow-by-5-4-per-year-through-2028-here-s-why, Published March 24, 2020, Accessed September 2020.

** Vela L, Reducing Wasteful Spending in Employers’ Pharmacy Benefit Plans. The Commonwealth Fund. www.commonwealthfund.org/publications/issue-briefs/2019/aug/reducing-wasteful-spending-employers-pharmacy-benefit-plans, Published August 30, 2019. Accessed January 2020.

*** Navitus/Self-Insured Schools of California (SISC) case study, go.navitus.com/sisc_lp_cs.