The change to BCBS of Alabama’s pharmacy network, effective Jan. 1, is a result of increasing prescription drug costs, according to the report.
The insurer told its members that to capitalize on their health benefits, they should transfer medications to an in-network pharmacy. Affected policyholders include those with individual and employer health plans.
More articles on payer issues:
Excellus BCBS, Geneia collaborate for value-based analytics
BCBS of Massachusetts to raise Medicare plan premiums by up to 34%
Humana, Boca Raton Regional Hospital renew contract
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
