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Article: Walgreens Health Initiatives Reports Negative Drug Trend for Highly Managed Plans.
- Article from:
- Business Wire
- Article date:
- May 12, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DEERFIELD, Ill. -- Pharmacy benefit manager Walgreens Health Initiatives reported that highly managed plans experienced a decline in prescription drug cost trend as part of its Walgreens Health Initiatives Outlook, Trend Report 2008. "The outstanding -0.07 percent trend for highly managed plans demonstrates the effectiveness of our cost-containment strategies and illustrates the enormous impact our plan management options can have," said Richard Ashworth, executive vice president, Walgreens Health Initiatives.
The company's average total prescription medication cost increase, or drug trend, was 5.66 percent, the fourth consecutive year of single-digit trends. ...