Benefits of Integrating Medical and Pharmacy Coverage Include Greater Savings, Fewer Trips to the Hospital and ER
EAGAN, Minn., July 19, 2023 /PRNewswire/ -- According to a new two-year analysis released by Blue Cross and Blue Shield of Minnesota (Blue Cross), employer-based health plans with fully integrated medical and pharmacy benefits can generate an average of more than $400 in annual savings on a per-member basis when compared to non-integrated options.
- In addition to evaluating medical costs, the Blue Cross analysis compared the rate of hospitalizations and emergency room visits between the two member groups.
- "The report also underscores why it makes such good sense for employers to have one point of contact when managing medical and pharmacy needs."
- Members with a specialty drug condition of either rheumatoid arthritis (RA) or multiple sclerosis (MS) were assessed as a separate group.
- An electronic copy of the full report is available upon request from the media contact at Blue Cross and Blue Shield of Minnesota.