Group purchasing saves employees $21.5 million in drug costs

Article

Total costs to purchase prescription drugs under the Pittsburgh Business Group on Health's Prescription Drug Program increased just 3.7% in 2006, marking the third consecutive year of single-digit increases. PBGH is an employer-led coalition of more than 60 organizations.

Total costs to purchase prescription drugs under the Pittsburgh Business Group on Health's (PBGH) Prescription Drug Program increased just 3.7% in 2006, marking the third consecutive year of single-digit increases. Program participants and their employees saved $21.5 million. The 3.7% increase in 2006 is significantly lower than the 14% increase reported nationally and compared favorably with other coalition programs, where reported increases for 2006 ranged from 4.4.% to 5.6%. The overall cost increase was less than 1% in 2005 and 4% in 2004. PBGH is an employer-led coalition of more than 60 organizations.

Click here to see more articles from Drug Topics Daily News.

To go to the Drug Topics homepage, click here.

Recent Videos
Related Content
© 2024 MJH Life Sciences

All rights reserved.