RMC Podcasts

Ep. 5 - Prescription Drug Costs Are Skyrocketing

Written by RMC Group | Apr 29, 2025 1:00:00 PM

How Employers Can Take Back Control

Prescription drug costs are soaring—and they’re hitting employer-sponsored health plans hard. In this episode of The Legacy Lab, we break down why prices are climbing, which medications are driving up costs the most, and how businesses can better manage their pharmacy benefits. From GLP-1 medications like Ozempic to the hidden role of Pharmacy Benefit Managers (PBMs), we cover what business owners need to understand to protect their bottom line—and offer real solutions for keeping healthcare affordable for your company and your employees.

 

➡️ Listen on Apple Podcast

➡️ Listen on Spotify

 

Listen in with Sue Nelson, VP of Health and Benefits, as the guest speaker on this episode along with Megan Davis and Ashley Simpson from RMC's Marketing Department. Learn the importance of taking back control of your health plan premiums.

 

Here's What You Will Learn:

  • When it might make sense to transition from a fully insured health plan to a level funded or self-funded model to better control prescription drug costs.
  • How high-cost medications like Ozempic, mental health prescriptions, and EpiPens are impacting your group health insurance renewals.
  • Why U.S. prescription drug prices are so much higher than in other countries—and how it directly affects your employee benefit costs.
  • How Pharmacy Benefit Managers (PBMs) influence what your plan covers and what you ultimately pay for employee prescriptions.
  • Practical strategies to negotiate better pharmacy benefits and educate employees on smarter, more cost-effective prescription options.

Other Resources

RMC Group Blog >> Pharmacy Benefit Management and Prescription Formulary

Meeting Link for RMC's Health and Benefits Team >> Meet with a Health Professional

Article from GoodRX about EpiPen >> How Much Are EpiPens? Cost-Cutting Tips, Alternatives, and More

 

 

The information provided in this podcast is for informational purposes only and does not constitute legal, financial, or professional advice. RMC Group recommends consulting with qualified professionals regarding your specific needs and circumstances.