The cost of prescription drugs represents about 15% of employers’ total health plan spending.
Related to that, here are a few interesting facts:
- the average cost of all generic drugs is about $30.
- the average cost of all brand name drugs is $150.
- on average again, 73% of prescriptions are dispensed as generic.
Plan design has a lot to do with generic utilization. So does employee education.
How is your plan doing?