As drug prices climb relentlessly, employers struggle to align benefits plans with workers’ best interests. We can help. With Mercer’s Pharmacy Collective, employers may generate hard-dollar savings while effectively managing long-term utilization changes.
HR leaders seek a seemingly impossible balance: providing workers access to the medications they need while addressing the unfortunate reality of unsustainable cost increases and premium spikes.
Mercer’s pharmacy collectives offer employers an innovative way to balance such competing interests by joining forces to benefit from the power of group purchasing. Mercer pharmacy collectives comprise 225 clients and 2.1 million members, accounting for $21 billion in pharmacy spend. The long-term trend for drug spending for companies participating Mercer collectives is roughly one-half the national average.*
Take this five-question quiz to see if your specialty drug strategy is putting you at risk for unsustainable spending:
1 Berkeley Research Group’s (BRG) study
* Results may vary
Learn more about how Mercer’s pharmacy collectives may improve your company’s pharmacy drug spend.