Employers Tap Risk Managers, Group Purchasing to Curtail Rx Costs
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Jul 24, 2025
As employers struggle to get a handle on rising pharmacy benefit costs, various approaches, from working with pharmacy risk managers to joining a group purchasing arrangement, are available. Many of these offerings were in the spotlight at the Employer Forum on Pharmacy Benefits, Specialty Drugs & Biopharma Therapies, held June 25 in Chicago.
During a fireside chat discussing successful employer strategies in pharmacy benefits, Jason Duhon, director of total rewards at Caterpillar, Inc., explained that his company began really paying attention to benefit costs around 2006 to 2008 when it saw the prescription drug trend rising. Specialty drugs and their potential to represent half of the total drug spend were just starting to be part of the discussion, and the company began partnering with a local pharmacist on how to streamline the supply chain and possible opportunities to slow that trend.
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